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3045 N Federal Hwy, 38 1,700 SF Retail Building Fort Lauderdale, FL 33306 $825,000 ($485.29/SF) 6.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Signage exposure on both Federal Highway and Oakland Park Boulevard
- Single-user building
- Plentiful parking
EXECUTIVE SUMMARY
Nicely updated, single-user building located off of the highly trafficked N Federal Highway / E Oakland Park Blvd intersection. Currently occupied by a successful pet food kitchen/store with multiple years left on their lease. The property can also be purchased as part of a portfolio with the adjacent building (Bldg. 42) for a total price of $1,875,000, providing a buyer's discount on both properties.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,700 SF
Building Class
B
Year Built
1955
Price
$825,000
Price Per SF
$485.29
Cap Rate
6.11%
NOI
$50,375
Tenancy
Single
Building Height
1 Story
Building FAR
0.98
Lot Size
0.04 AC
Zoning
B-1 - B-1 is intended to provide for the location of commercial business establishments dependent upon high visibility & accessibility to major trafficways
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Energy Performance Rating - A
- Storage Space
- Monument Signage
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-42-25-08-0080 | Total Assessment | $371,780 |
| Land Assessment | $136,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $235,780 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
49-42-25-08-0080
Land Assessment
$136,000
Improvements Assessment
$235,780
Total Assessment
$371,780
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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3045 N Federal Hwy, 38
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