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525 S Broadway, Lantana FL 33462

Commercial Recently Sold
$2,479,500

BTC: 29.82318980

ETH: 935.66037736

Sold on: 2022-08-30
36 days
0 room(s)

Overview

Well maintained 2-story 14-unit garden style 7,244 sq ft apartment building. All units are 1BR/1BA & average 500 square feet. The onsite laundry room has 2 washers & 2 dryers. There is a 2nd floor storage room. Freshly seal coated parking lot! The newest leases are at $1,300-$1,400/month. With its close proximity to areas of interest, turn 1+ units into short term rentals to obtain even higher rental rates/ROI. The courtyard may be altered to add amenities. Under 4 miles away is Palm Beach State College, making student housing another option. With JFK Hospital 3.5 miles away, traveling nurses have rented apartments. This multifamily already has been approved for condo conversion should the new owner decide to move forward with that option. Do not disturb tenants. Shown by appointment only.

Location

Florida • Lantana • 33462 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
Assigned / Guest
Year Built:
1969
Lot:
0.28 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,800,000
$735K – $3.5M
Confidence Low
List vs. estimate
At estimate
List $2,800,000 · +0.0%
List is in line with recent comparable activity.
Based on
5 MLS comparables
+ 28 public-records sales within 0.5 mi
Median actual sale: $400K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$23,709
2021
Parking
15 spaces
All facts and features

  • Flooring

    • Carpet

    • Tile

    • Vinyl

  • Parking

    • Assigned

    • Guest

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 40434503180220010

    • Zoning: R15

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $23,709

  • Source details

    • MLS ID: F10337115

    Other facts

    • Lot Features: In Residential Area

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33462
222
median $400K
Active
Same city
Lantana
105
median $414K
Active
Same type
Commercial
9
median $950K
Active
Similar price
$2.0M – $3.6M
4
median $2.4M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc