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Prime Retail Showroom Property For Sale 1901 S Federal Hwy 7,915 SF 100% Leased Retail Building Fort Lauderdale, FL 33316 $4,700,000 ($593.81/SF) 6.38% Cap Rate
Investment Highlights
- 109 feet of frontage on South Federal Highway with 59,000 AADT
- Split zoning: B-1 (front) and X-P (rear), with medium-high residential land use on rear parcels for future flexibility
- SE Fort Lauderdale corridor with active hotel, retail, and medical office redevelopment
- 32,577 SF (3/4 acre) across three contiguous parcels, $144.27 PSF
- Interim NOI of $205,000 in place from existing tenants on short-term leases
Executive Summary
7,915 SF Retail/ Showroom building for sale on busy South Federal Highway with 59,000 cars per day traffic count . Property offering consists of the 7,915 SF fully leased commercial building up front along Federal and a single family house and triplex located behind. Current rents for both the commercial and residential tenants are below market and have short terms remaining allowing for maximum flexibility for an investor or owner user. Can be delivered vacant. Property was previously approved for the development of a 9,900 SF retail /showroom building with 49 spaces in rear parking lot. Immediate area undergoing extensive redevelopment of new retail, hotel and residential development. Property is in close proximity to FLL Airport , Port Everglades, 17th Street Causeway and downtown Fort Lauderdale .
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,915 SF
Building Class
C
Year Built/Renovated
1959/2018
Price
$4,700,000
Price Per SF
$593.81
Cap Rate
6.38%
NOI
$300,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.75 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 (2.02 Spaces per 1,000 SF Leased)
Frontage
109’ on Federal Highway / US 1
Amenities
- Corner Lot
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 Number | 50-42-15-13-0130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,269,110 |
Property Taxes
Parcel Number
50-42-15-13-0130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,269,110
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Prime Retail Showroom Property For Sale | 1901 S Federal Hwy
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