Set on nearly half an acre just one block from the Intracoastal Waterway, this exceptional motel property in Lantana presents a rare opportunity along one of South Florida's most highly traveled corridors—Dixie Highway. The asset consists of two well-positioned buildings totaling 16 rooms, offering immediate income potential while also presenting compelling upside for enhancement, repositioning, or full redevelopment. Zoned C-1 Neighborhood Commercial, the property allows for a wide range of uses, providing flexibility for investors, owner-operators, or developers seeking multiple exit strategies. Its prime location places it moments from pristine beaches, acclaimed waterfront dining, and the vibrant downtown districts of Lake Worth and Ocean Avenue. Surrounded by ongoing redevelopment.
704 N Dixie Highway, Lantana, FL, 33462
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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