Listing Summary
APEX Capital Realty is pleased to present an exceptional low basis opportunity At 608 N Dixie Hwy & 610 N Dixie Hwy in Lantana, Florida. The vacant two-story property and vacant Retail/Medical/Office + warehouse assets offer the rare opportunity to do a complete new lease up at 2025 market rates, but with an acquisition priced as if the property sold prior to COVID’s overly-inflated property value assumptions by Tri-County sellers.
Full Description
APEX Capital Realty is pleased to present an exceptional low basis opportunity At 608 N Dixie Hwy & 610 N Dixie Hwy in Lantana, Florida. The vacant two-story property and vacant Retail/Medical/Office + warehouse assets offer the rare opportunity to do a complete new lease up at 2025 market rates, but with an acquisition priced as if the property sold prior to COVID’s overly-inflated property value assumptions by Tri-County sellers.
608’s ground floor includes two garage/warehouse spaces. While the second floor features a fully renovated space that can serve an office above a different Use below on Level 1.
610’s front space is designed for a medical practice, featuring a finished buildout featuring 7 offices/exam rooms. The separated back space of the property actually includes a versatile warehouse/showroom space with +20’ ceiling height and a unique 2nd level mezzanine custom-built club/man cave - though without a city permit. Seller will provide plans to cure the buildout directly with the city (thus far there have been 2 rounds of constructive comments) or the seller will demolish the mezzanine and cure the issue with the city prior to closing).
Quick Glance
- Listing ID:
CL-Florida-26016
- Status:
Active
- Year Build:
N/A
- Building Size:
7,342 SqFt
- Lot Size:
11,326.00 SqFt
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