400 Waterway Drive S Lantana, FL $ 3,200,000
400 Waterway Drive S
$ 3,200,000
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400 Waterway Drive S

Lantana, FL, 33462
$ 3,200,000
Baths24.0 Sq 18,596

Monthly Estimate*

$ 21,268

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Studio

Commercial Property for sale in Lantana, FL

for $3,200,000 with 24 full baths. This 18,596 square foot building was built in 1979.

Great opportunity to own the Waterway Club Apartments, an 18 unit apartment building in the heart of eastern Lantana, strategically located in the Waterway Club and Hidden Harbour condominium community that fronts the Intracoastal Waterway and affords community amenities of swimming pool, clubhouse, spa, library and more. This property provides a great opportunity for an investor to maximize the potential of this strategically located asset through renovation and increasing rents to market rate. The property has six 2 bedroom/2 bath units; Ten 1 bedroom/1.5 bath units; and Two 1 bedroom/1 bath units. The unit size are larger than standard size providing greater flexibility with renovations. Don't miss this opportunity. Call for more information today.

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Commercial Pending

Price

$ 3,200,000

Bedrooms

Studio

Full Bath

24

Property Type

Commercial

Taxes

$ 42,950

Style

Income

Year Built

1979

Town/City

Lantana

County/Region

Palm Beach

MLS | Web ID

RX10961639

Features
General
Construction Concrete Stucco
Heating Central
Cooling Central
Utilities Cable Electric Public Sewer Public Water
Possession At Closing Subject to Lease
Roof Built-Up
Zoning General Commerc
Security None
Status Pending
Year Built 1979
Subdivision Waterway Club Apartments
Stories 2.0
Type MultiFamily (5+ Units)
Property Type E
Area 5600
Location Beach Area
Auction No
Tax Year 2023
Terms Considered Cash Conventional
Use Income Other
Misc. Elevator
Virtual Tour https://www.propertypanorama.com/400-Waterway-Drive-Lantana-FL-33462/unbranded
Geo Area PB16
Legal Description 34-44-43 S 20 FT OF N 396.20 FT OF W 456 FT OF E 460 FT OF GOV LOT 3 & NLY 155 FT OF S 196.6 FT OF WLY 280 FT OF.....
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Exterior
Waterfront No
Lot Size 1.11
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Interior
Flooring Carpet Ceramic Tile Laminate Vinyl Floor
Ceiling Sheet Rock
Total Number of Units 18
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Internal Only
OriginalMLSID RX-10961639
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* Excluded Features
List By
David Alexander

Listing Agent

Strategic Realty Services, Llc

Broker

galexander@strategicrealty.com

Email

Affordability Calculator

$24,847
Per Month
86%
14%
0%
Monthly Principal & Interest
$21,268
Monthly Property Taxes
$3,579
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/21/2024$3,200,000 Listed Price

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400 Waterway Drive S, Lantana, FL, 33462 is a Commercial Property for sale at $3,200,000 with 18,596 sqft. 400 Waterway Drive S is a studio with 24.0 baths and was built in 1979. The property's zip code is 33462 which is in Lantana, FL