6170 S Congress Ave, Lantana, FL, 33462
Retail | 3,158 SqFt
Marketing description
CBRE is pleased to exclusively offer for sale 6170 South Congress Avenue, Lantana, Florida, a 0.93-acre (40,511 square foot) commercial outparcel improved with a 3,158-square-foot single-tenant Pizza Hut featuring a drive-thru. Constructed in 1986, the property includes 46 parking spaces, representing an ample parking ratio of approximately 15 spaces per 1,000 square feet. Strategically positioned along South Congress Avenue, the site benefits from strong visibility and access and is located as an outparcel to Atlantis Plaza, a ±94,000-square-foot shopping center anchored by El Bodegon, a well-established Hispanic grocer with multiple locations throughout Palm Beach County.
After operating at this location since 1986, Pizza Hut has indicated its intent to vacate the premises effective October 1, 2026, creating a rare opportunity for an investor or owner-user to acquire a well-located infill commercial site with near-term flexibility. During the remaining term, the property provides in-place income of $8,873.33 per month on a NNN basis, while also offering future optionality to re-tenant, reposition, or redevelop the asset.
The property is situated along Congress Avenue, a major north-south arterial with average daily traffic counts exceeding 33,000 vehicles, and benefits from its location between Lantana Road and Hypoluxo Road. The surrounding three-mile trade area is densely populated, with approximately 145,000 residents and an average household income of $80,567, supporting a wide range of retail, restaurant, and service uses.
The site is zoned CG (General Commercial), a flexible Palm Beach County zoning designation that accommodates a broad spectrum of commercial uses and supports more intensive development along established commercial corridors. This zoning enhances the property's long-term adaptability and investment appeal by providing multiple avenues for future tenancy, repositioning, or redevelopment, subject to buyer verification of permitted uses and development standards.
The property is being offered for sale at $2,200,000, equating to $54.30 per square foot of land.
Investment highlights
- In-place NNN income through October 1, 2026, provides interim cash flow while positioning an investor to capitalize on future re-tenanting, repositioning, or redevelopment opportunities. ** Opportunity to discuss with tenant continuing to occupy for an extended period of time to allow additional time for an investor to obtain all necessary permits and plans prior to having tenant vacate. **
- The property is strategically positioned along South Congress Avenue, a heavily trafficked north-south arterial with exposure to more than 33,000 vehicles per day.
- Located as an outparcel to Atlantis Plaza, a ±94,000-square-foot shopping center anchored by El Bodegon, a well-established grocer serving the surrounding trade area.
- CG (General Commercial) zoning supports a broad range of retail and service-oriented uses, enhancing tenanting flexibility and long-term value creation potential.
- The property is situated within a strong three-mile trade area featuring approximately 145,000 residents and average household incomes of $80,567.
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