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Memorial Regional Hospital Primary Care Ctr 140 S Federal Hwy 11,506 SF 57% Leased Office Building Dania, FL 33004 $12,500,000 ($1,086.39/SF)
Investment Highlights
- First floor is fully leased until August 2026
- Less than 5 minutes from Dania Pointe
- Sits at the North West quadrant of the intersection of Stirling Rd and Federal Hwy
- Steps away from Walgreens, dining, lodging, and the world's famous Jaxon's Ice Cream Parlor
- Close proximity to Interstate 95 and airport
- 24 hour building access with a well lit parking lot
Executive Summary
Rare opportunity to acquire a high-density development site along Federal Highway in Dania Beach with two viable 14-story development paths—offering both entitlement certainty and significant upside.
Development Scenarios:
Option 1: 14-Story Luxury Mixed-Use
Subject to Dania Beach City Commission Approval
Signature glass high-rise opportunity
Approx. 200,000–240,000 SF
±125 luxury residential units + ground-floor retail
Estimated NOI: $4.0M–$4.4M
Projected exit value: $72M–$80M
Condo-spec design could exceed $100M sellout
Option 2: 14-Story Residential – Florida Live Local Act (By-Right)
Administrative approval (no city vote required)
±130–140 units (60% market / 40% workforce)
Major property tax exemptions
Estimated annual tax savings: $350K–$450K
Faster approvals and reduced entitlement risk.
Ideal for developers and institutional investors seeking scale, speed to market, and entitlement clarity in a supply-constrained coastal market.
One of the last remaining vertical development sites in the corridor
14-story height doubles land value vs. 7-story entitlement
Strong political alignment or by-right fallback
Development Scenarios:
Option 1: 14-Story Luxury Mixed-Use
Subject to Dania Beach City Commission Approval
Signature glass high-rise opportunity
Approx. 200,000–240,000 SF
±125 luxury residential units + ground-floor retail
Estimated NOI: $4.0M–$4.4M
Projected exit value: $72M–$80M
Condo-spec design could exceed $100M sellout
Option 2: 14-Story Residential – Florida Live Local Act (By-Right)
Administrative approval (no city vote required)
±130–140 units (60% market / 40% workforce)
Major property tax exemptions
Estimated annual tax savings: $350K–$450K
Faster approvals and reduced entitlement risk.
Ideal for developers and institutional investors seeking scale, speed to market, and entitlement clarity in a supply-constrained coastal market.
One of the last remaining vertical development sites in the corridor
14-story height doubles land value vs. 7-story entitlement
Strong political alignment or by-right fallback
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
11,506 SF
Building Class
C
Year Built/Renovated
1962/1968
Price
$12,500,000
Price Per SF
$1,086.39
Percent Leased
57%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
11’
Building FAR
0.57
Lot Size
0.46 AC
Zoning
C-2, Dania - Flexible, High-Intensity Commercial District
Parking
54 Spaces (5.4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This professional office space is located on the second floor and the layout includes private offices, conference room, reception, lobby, kitchenette, and both a ladies restroom and men's restroom.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 5,000 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 5,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This professional office space is located on the second floor and the layout includes private offices, conference room, reception, lobby, kitchenette, and both a ladies restroom and men's restroom.
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 50-42-34-01-3600 | Improvements Assessment | $1,218,880 |
| Land Assessment | $665,580 | Total Assessment | $1,884,460 |
Property Taxes
Parcel Number
50-42-34-01-3600
Land Assessment
$665,580
Improvements Assessment
$1,218,880
Total Assessment
$1,884,460
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Jalmark Realty
Memorial Regional Hospital Primary Care Ctr | 140 S Federal Hwy
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