Light Industrial Zoned Land Available

10201 Lantana Road, Lake Worth, FL

  • 1,200 Square Feet
  • Industrial Land
  • For Sale

Summary Description

Colliers is pleased to present the opportunity to acquire vacant land located at 10201 Lantana Road, just west of State Road 7 in the City of Lake Worth, Florida. The parcel is situated on approximately 7.3 acres and generates income from various short-term leases and an in-place cell phone tower. There is currently a 3% Cap Rate on in-place land leases. Situated directly on Lake Worth Road with high visibility, traffic counts and easy access to major roadways, the site presents an ideal opportunity for an investor or owner/user.  

Price: $4,000,000.00

Lot Size: 7.34 acres Square Feet

Area Available: 1,200 Square Feet

Features:

  • Cap Rate of 3% on in-place land leases
  • Parcel generates income from various short term leases and an in-place cell phone tower
  • Zoned IL (light industrial) in Palm Beach County
  • Parcel ID: 00-42-43-27-05-035-0271
  • Proposed use: Industrial manufacturing or contractor storage yard
  • Investor and owner/user opportunity
  • 7.34 acres of land
  • Asking Price: $4,000,000
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