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Prime 3/4 acre Site on Federal Highway 1901 S Federal Hwy 7,915 SF 100% Leased Retail Building Fort Lauderdale, FL 33316 $4,700,000 ($593.81/SF)
Investment Highlights
- Retail frontage property on South Federal Highway in Fort Lauderdale -3/4 acre site
- Previously approved for 9,900 SF new retail center with 49 parking spaces located in rear of property
- High traffic count of 59,000 vehicles per day
- Land price equates to $144.27 PSF
Executive Summary
Property consists of 3 parcels situated on approximately 3/4 acres with the main retail property fronting South Federal Highway. The main retail property consists of a 7,915 SF two- story building currently leased to two tenants on short term leases. The two rear properties consist of a fully leased triplex and a single family house on SE 19th Street. Previously approved for a new retail center of approximately 9,900 SF facing Federal Highway with 49 parking spots behind. Direct frontage on Federal Highway of approximately 109 Feet . Immediate area is undergoing new development of hotel , retail and medical office uses. Property is in close proximity to FLL Airport, Port Everglades, the main campus of Broward Health as well as 17th Street Causeway , the main corridor for maritime commerce in Broward County .
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
7,915 SF
Building Class
C
Year Built/Renovated
1959/2018
Price
$4,700,000
Price Per SF
$593.81
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.30 AC
Zoning
B-1/X-P - B-1 ( Business) for the front parcel and X-P (Parking for the two rear parcels)
Parking
16 Spaces
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Broward Signs
- Manufacturing
- -
- -
- -
- Zodiac-Fort Lauderdale
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Broward Signs | Manufacturing | - | - | - | ||
| Zodiac-Fort Lauderdale | Retailer | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $740,350 | |
| Land Assessment | $139,000 | Total Assessment | $3,243,460 |
Property Taxes
Parcel Numbers
Land Assessment
$139,000
Improvements Assessment
$740,350
Total Assessment
$3,243,460
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Prime 3/4 acre Site on Federal Highway | 1901 S Federal Hwy
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