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31134832
31134833

503 Ridge Rd, Lantana, FL 33462

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
DH
MI 6501373153
Encore Real Estate Investment Services
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$3,100,000
78 days on market
Updated 50 days ago

Publix Shadow Strip Center

Details
Property Type Retail
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 10,862
Occupancy 21.4%
Tenancy Multi
Lease Type Net
Price per SqFt $285
Year Built 2005
Acreage 0.780
Tenant Credit No Credit Rating

VALUE ADD CENTER w/ SINGLE LANE DRIVE-THRU | SOUTH FLORIDA - PALM BEACH COUNTY

Marketing description

PUBLIX SHADOW STRIP CENTER at 503-523 Ridge Rd, Lantana, FL 33462, a prime investment opportunity in Palm Beach County, FL. This 10,862 SF* retail center, adjacent to a high-performing Publix grocery store, offers tremendous value-add potential. *Portion of building SF is a Single Lane Drive-Thru - Approx. 9,700 SF under air.

The property features four units on 0.78 acres, ideally positioned adjacent to a PUBLIX anchored center which is Ranked in the top 71% Nationwide per Placer AI. Surrounded by over 700 recently developed residential apartment units and boasting a densely populated area with over 252,000 residents within a 5-mile radius, this center sees high daily traffic counts exceeding 36,500 vehicles on Lantana Rd and visibility from I-95

Investment highlights

  • Value Add Palm Beach County, FL Retail Center | Out-Parcel To PUBLIX Grocery Anchored Center
  • 2005 Construction Four Units Totaling 10,862 SF Situated on .78 Acres w/ Single Lane Drive-Thru approx. 9,700 SF under air
  • Positioned Adjacent to a Publix Ranked in the top 71% Nationwide (Placer AI)
  • Recent New Developments include Wawa, Chick-Fil A, Panda Express, Dunkin, ALDI
  • Over 700 Recently Developed Residential Apartment Units Adjacent to Subject Property
  • Densely Populated Area | Population Within 5-Mile Radius Exceeds 252,000
  • Located Off Interstate 95 | Very High Traffic Counts Exceed 36,500 Vehicles Per Day on Lantana Rd
  • Surrounding National Retailers: Costco, Publix, AutoZone, McDonalds, CVS, Rent-A-Center, ATT, Dunkin, Wells Fargo, Wawa, Chick Fil A & More

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
DH
MI 6501373153
Encore Real Estate Investment Services
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Additional Information

Name
Brian Brockman
License
FL #BK3327646
Brokerage
Bange Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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