5130 Federal Hwy Fort Lauderdale, FL 33308

This exceptional 11,609 square foot retail and office property in Fort Lauderdale, Florida, presents a compelling investment opportunity. Located on heavily trafficked Federal Highway (US1), this 12-unit complex boasts 110 feet of high-visibility frontage, attracting over 44,000 vehicles daily. Originally built in 1976 and extensively renovated in 2022, the property features six retail bays and six office bays, currently operating at 75% occupancy with all tenants on NNN leases. The 0.34-acre lot provides ample parking for 24 vehicles. The property benefits from a strong demographic profile, situated within a 5-mile radius of approximately 261,000 residents, and is conveniently located near Lauderdale-by-the-Sea beach, downtown Fort Lauderdale, Port Everglades, and Fort Lauderdale Airport. Recent improvements include a new monument sign, exterior paint, six new A/C units, and updated elevator service. The property's current Net Operating Income (NOI) is $128,298, with a projected NOI of $183,710, representing a 4.28% cap rate. Offered at $2,995,000 ($258/sq ft), this well-maintained asset presents a below-replacement-cost opportunity in a desirable and affluent market. The property underwent a 40-year certification in October 2015, demonstrating its excellent condition and lack of deferred maintenance. Impact doors and windows further enhance the property's resilience.