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Coral Shopping Center 3061 N Federal Hwy 7,305 SF 75% Leased Retail Building Fort Lauderdale, FL 33306 $4,400,000 ($602.33/SF) 6.69% Cap Rate
Investment Highlights
- Irreplaceable Hard Corner Location | 2nd Busiest Intersection in Broward County
- Explosive Surrounding Residential Growth
- Rebounding Investor Demand
- Significant Value-Add Upside
- Superior Trade Area Demographics
Executive Summary
CBRE, Inc., as exclusive advisor, is pleased to present for sale the Coral Shopping Center, a
±5,342 SF multi-tenant strip center, plus an additional undeveloped parcel of 1,857 SF, at 3061 N
Federal Highway in Fort Lauderdale, Florida. The Property occupies a signalized corner at the
intersection of Oakland Park Boulevard and Federal Highway — one of Broward County’s busiest
commercial intersections — and offers investors significant value-add potential through lease-up,
rent optimization, or repositioning. With strong in-place cash flow, a diverse tenant mix, and an
irreplaceable corner location directly across from Coral Ridge Mall, the Coral Shopping Center
benefits from a rapidly intensifying trade area, including the proposed redevelopment of the
Galleria Mall less than 1.5 miles south — a 31.5-acre mixed-use transformation that would add 3,144
apartments, a 170-room hotel, and over 1 million SF of commercial space to the corridor. The Coral
Shopping Center represents a compelling acquisition opportunity in one of South Florida’s most
active and highest-conviction retail corridors.
±5,342 SF multi-tenant strip center, plus an additional undeveloped parcel of 1,857 SF, at 3061 N
Federal Highway in Fort Lauderdale, Florida. The Property occupies a signalized corner at the
intersection of Oakland Park Boulevard and Federal Highway — one of Broward County’s busiest
commercial intersections — and offers investors significant value-add potential through lease-up,
rent optimization, or repositioning. With strong in-place cash flow, a diverse tenant mix, and an
irreplaceable corner location directly across from Coral Ridge Mall, the Coral Shopping Center
benefits from a rapidly intensifying trade area, including the proposed redevelopment of the
Galleria Mall less than 1.5 miles south — a 31.5-acre mixed-use transformation that would add 3,144
apartments, a 170-room hotel, and over 1 million SF of commercial space to the corridor. The Coral
Shopping Center represents a compelling acquisition opportunity in one of South Florida’s most
active and highest-conviction retail corridors.
Financial Summary (Pro Forma - 2026) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront
Building Size
7,305 SF
Building Class
B
Year Built/Renovated
1993/2021
Price
$4,400,000
Price Per SF
$602.33
Cap Rate
6.69%
NOI
$294,360
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Zoning
B-1 - General Commercial
Parking
100 Spaces (13.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Freeway Visibility
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
- -
-
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-
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 3061
- 1,290 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 3061 | 1,290 SF | Retail | - | Now |
3061
| Size |
| 1,290 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-25-08-0200 | Improvements Assessment | $281,560 |
| Land Assessment | $117,900 | Total Assessment | $439,400 |
Property Taxes
Parcel Number
49-42-25-08-0200
Land Assessment
$117,900
Improvements Assessment
$281,560
Total Assessment
$439,400
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