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2781 N Federal Hwy 4,586 SF Retail Building Fort Lauderdale, FL 33306 $6,900,000 ($1,504.58/SF) 9.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Core Investment, full-service car wash operation in-place
- 9.1% Tax-adjusted cap rate
- Heavy daytime traffic/ 50,000 AADT
EXECUTIVE SUMMARY
eXp Commercial, LLC is pleased to present the opportunity to acquire Majestic Car Wash at 2781 N Federal Highway, Fort Lauderdale, FL.
This core asset combines a profitable, cash-flowing business with trophy real estate in one of Fort Lauderdale’s most visible corridors. The lot consists of 0.57 acres along U.S. 1, N Federal Hwy, drawing more than 50,000 vehicles per day between Coral Ridge Mall and River Market. Currently operating as a full-service car wash generating over $700,000 in EBITDA, the site offers both strong in-place income and meaningful long-term redevelopment potential.
Beyond the operating business, the property’s zoning and demographics create a natural canvas for future medical, retail, or mixed-use development. The affluent Coral Ridge Country Club Estates neighborhood, with its higher median age and income, underscores unmet demand for modern professional and consumer services along this corridor.
This is a rare chance to acquire both profitable business and trophy real estate with immediate tax advantages, in one of Fort Lauderdale’s most desirable submarkets.
For further information regarding this opportunity contact:
Alan Grobman | 954.320.6702 | alan.grobman@expcommercial.com
This core asset combines a profitable, cash-flowing business with trophy real estate in one of Fort Lauderdale’s most visible corridors. The lot consists of 0.57 acres along U.S. 1, N Federal Hwy, drawing more than 50,000 vehicles per day between Coral Ridge Mall and River Market. Currently operating as a full-service car wash generating over $700,000 in EBITDA, the site offers both strong in-place income and meaningful long-term redevelopment potential.
Beyond the operating business, the property’s zoning and demographics create a natural canvas for future medical, retail, or mixed-use development. The affluent Coral Ridge Country Club Estates neighborhood, with its higher median age and income, underscores unmet demand for modern professional and consumer services along this corridor.
This is a rare chance to acquire both profitable business and trophy real estate with immediate tax advantages, in one of Fort Lauderdale’s most desirable submarkets.
For further information regarding this opportunity contact:
Alan Grobman | 954.320.6702 | alan.grobman@expcommercial.com
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,586 SF
Building Class
C
Year Built/Renovated
1991/2015
Price
$6,900,000
Price Per SF
$1,504.58
Cap Rate
9.10%
NOI
$627,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.57 AC
Zoning
B-1 - B-1 - BOULEVARD BUSINESS - B-1 Zoning Req Max height 150 ft Min lot size None Min lot width None Max FAR None Setbacks Min front 5 ft Min corner 5 ft
Parking
12 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
100’ on N Federal Hwy
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cain, Judith
- -
- -
- -
- -
- Cain, Ryan
- -
- -
- -
- -
- Majestic Car Wash
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cain, Judith | - | - | - | - | ||
| Cain, Ryan | - | - | - | - | ||
| Majestic Car Wash | Services | - | - | - |
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-42-25-05-0170 | Improvements Assessment | $627,650 |
| Land Assessment | $625,000 | Total Assessment | $1,252,650 |
PROPERTY TAXES
Parcel Number
49-42-25-05-0170
Land Assessment
$625,000
Improvements Assessment
$627,650
Total Assessment
$1,252,650
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2781 N Federal Hwy
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