808 E Coast Avenue, 808-878, Lantana, FL 33462
$1,850,000
Property Type:
Comm/Industry
Baths:
9
Square Footage:
5,040
Status:
Active
Current Price:
$1,850,000
Last Modified:
3/18/2024
Description
General Commercial Zoning! DO NOT DISTURB TENANTS! MOTIVATED BRING OFFERS! Great signage location along RR and US 1. Can convert both buildings to motel, residential, retail, restaurant, continue current leases, etc. Total of 7 commercial bays each with bathroom - Two Story building: two bays are 500 sq ft ea (leased $760 & $800 no leases in place), one 2/2 renovated apartment 1000 sq ft ($1750 lease ends 12/31/23), Single Story Building: three bays 600 sq ft each (lease back 1-3 mos, leased for $3000/month), one bay 720 sq ft (lease back 1-3 mos, leased for $1,000/month), one bay 480 sq ft (leased $800 no lease in place). Owner occupies 4 suites at $4000/month.
Will hold Contract for Deed 35% down 10% interest, 3 years.
More Information MLS# RX-10934622
Contract Information
Status: Active
Original List Price: 2250000
Auction: No
List Price: $1,850,000
Current Price: $1,850,000
List Price/Bldg SqFt: 367.06
Listing Date: 2023-11-09
Comm/Non-Rep: 1.5%
Comm/Buyer Agent: 1.5%
Comm/Trans Brk: 1.5%
General Property Description
Type: Mixed Use
For Sale: Yes
For Lease: No
Property Desc: Commercial
Subdivision: GREYNOLDS HIGHLANDS UNIT 1
Year Built: 1977
Built Desc: Resale
SqFt - Living: 5040
SqFt Source: Tax Rolls
# of Stories: 2
Total Units: 2
Baths - Total: 9
Acres: 0.43
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 5740
Geo Area: PB18
Country: United States
County: Palm Beach
Parcel ID: 40434503150130030
Street #: 808
Street Dir: E
Street Name: Coast
Street Suffix: Avenue
Unit #: 808-878
State/Province: FL
Zip Code: 33462
Multiple Ofrs Acptd: Yes
Zoning: C1(cit
Legal Desc: GREYNOLDS HIGHLANDS LTS 3 THRU 7 BLK 13 & 40 FT ABND EAST COAST AVE R/W AS IN OR12553P326 LYG W OF & ADJ TO
Tax Year: 2023
Real Estate Taxes: 16000.1
Geo Lat: 26.577872
Geo Lon: -80.053884
Remarks & Misc
Directions: Lantana (East) to Broadway (South) to Perry (East) - continue straight into parking lot
Office/Member Info
DXORIGMLNO: RX-10934622
DXORIGMLSID: RML
Building Info
# of Offices: 7
Interior Ceiling Hgt: 9
# of Tenants: 4
# of Bays: 7
Miles to Expressway: 1
Miles to Beach: 1
Monetary Info
Gross Sched Income: 7850
Total Expenses: 400
Expenses
Insurance: 1800
R.E. Taxes: 16000
Utilities: 710
Maint & Repair: 2500
Unit 1
Unit Desc: Shops
# of Units: 1
Half Baths: 1
Ann Rent: 9600
Rent Period: Month
Unit 2
Unit Desc: Shops
# of Units: 1
Half Baths: 1
Ann Rent: 9600
Rent Period: Month
Unit 3
Unit Desc: Shops
# of Units: 1
Ann Rent: 9120
Rent Period: Month
Unit 4
Unit Desc: Shops
# of Units: 4
Half Baths: 1
Ann Rent: 48000
Rent Period: Month
Unit 5
Unit Desc: 2 Bedroom
# of Units: 1
Full Baths: 2
Ann Rent: 21000
Rent Period: Day
Property Features
Use: Income; Retail; Other
Type of Building: Commercial; Free Standing; Hotel / Motel; Income; Office/Retail; Resident. Multi-Fam.; Shopping Center; Strip Store
Construction: CBS; Concrete; Stucco
Ceiling: Acoustic; Suspended
Location: Investment; Shopping Center; Other
Sale Includes: Building and Land
Avail Docs: Survey
Avail Info: Owner managed
Miscellaneous 2: Office; Private Restroom; Rear Access; Storage; Storm Sewers; Traffic Medium
Flooring: Concrete; Tile; Laminate
Cooling: Central Individual; Wall-Win A/C
Heating: Central Individual; Window/Wall
Fire Protect: None
Special Info: Corporate Owned; Presently Leased
Tenant Pays: Cable; Electric; Insurance; Water
Utilities: Cable; Electric; Public Water; Separate Meter; 110; 220
Waterfront Details: None
Security: Burglar Alarm; Motion Detector; Security Sys-Owned; TV Camera
Roof: Flat Tile; Mansard; Metal
Terms Considered: Cash; Conventional; Owner
Lease: Month to Month
Possession: At Closing; Lease Back
Listing Office: One Source Real Estate
Last Updated: March - 18 - 2024
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