704 N Dixie Hwy - Hospitality FOR SALE


Lantana, FL 33462
$750,000 USD
410-977-4711
704 N Dixie Hwy, Lantana, FL for Sale
$750,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

704 N Dixie Hwy
Lantana, FL 33462


HIGHLIGHTS

  • Located on Route 1 with easy access to Interstate 95
  • Minutes from Palm Beach County Park Lantana Airport
  • Major retailers nearby include Walgreens and many locate businesses and services

OVERVIEW

Auction Property. In Collaboration with Alex Cooper Auctioneers. List price is Opening Bid at The Online Only Auction Sale to Be Held on The Auctioneers Website – Bidding begins Thursday, June 12th & ends Tuesday, June 17, 2025 at 1:00PM. Presenting the New England Motor Lodge Motel, a unique value-add investment opportunity in the growing community of Lantana. Ideally located just one mile from the I-95 Lantana Road exit and minutes from upscale Manalapan Island, this income-producing property is perfectly positioned to attract both leisure and business travelers. Its proximity to beautiful beaches, acclaimed restaurants, and the vibrant downtown Lake Worth Beach district further enhances its long-term appeal. The property spans 0.41± acres and includes two buildings. The property consists of 8 units spread across a 2-story building, with a total of 16 units and 11 bathrooms. One single-story unit includes 8 bedrooms and 8 bathrooms. Zoned C1 (Neighborhood Commercial District), the site offers flexible redevelopment options in collaboration with the Town of Lantana. Family-owned and operated for over 30 years, the motel runs as a 100% cash business. Although the property is in need of renovation, it presents a significant opportunity to add value through improvements and repositioning in one of South Florida’s most dynamic and in-demand markets. Guest amenities include high-speed internet access, public Wi-Fi, a spacious outdoor patio area, and smoke-free accommodations. The location benefits from excellent frontage on Route 1 with direct access to I-95, and is surrounded by major national retailers such as Walgreens, along with a variety of local businesses and services. It is just minutes from Palm Beach County Park Airport (Lantana Airport) and a short drive to Manalapan Island and area beaches. The property’s C1 zoning supports a wide range of permitted uses including retail businesses, business and professional services such as medical, legal, and accounting offices, personal services like beauty salons and licensed massage therapy (as regulated by Florida Subtitle 64B7, F.A.C.), restaurants under 2,500 square feet without drive-thru service, laundromats and dry cleaning facilities, office spaces, indoor showrooms for vehicles or home improvement goods (no outdoor lots), auction houses, and financial institutions. Please do not disturb tenants. For more information or to schedule a private tour, contact us directly. Diligence Package: Copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Thursday, June 12th & ends Tuesday, June 17, 2025 at 1:00PM Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out. Registration URL: https://realestate.alexcooper.com/auction-property/1-AMC9FG Auction Terms URL: https://realestate.alexcooper.com/auction-property/1-AMC9FG 1 Hour guided tour of the property just before bidding begins—Thursday, June 12th between 12-1pm

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$159 USD /SF

# OF ROOMS

13

PRICE/ROOM

$57,692 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New England Motor Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1947

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C1

APN/PARCEL ID

40-43-44-34-07-001-0010

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.