For Sale
$3,999,999

801 Federal HwyDania Beach, FL 33004

High-yield retail plaza, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Dania Beach, FL shopping center presents a compelling value-add opportunity. Located at 801 S Federal Hwy, this 11,000 square foot property boasts 12 tenants under corporate guarantees, offering a stable income stream with a current NOI of $240,000 and a 6.00% cap rate. The pro-forma NOI projects to $288,834, representing a 7.00% pro-forma cap rate. Built in 1976, the property consists of two single-story buildings on a 0.72-acre lot, with ample parking (2 spaces per unit). The property features 18 units and is currently 100% occupied with rent bumps available. The SFED-MU zoning allows for significant future development potential. The asking price is $3,999,999, translating to $363.64 per square foot. This multi-tenant retail investment offers a strong current return with significant upside potential for future growth. The property's prime location in Dania Beach ensures high visibility and consistent foot traffic. This is a rare opportunity to acquire a well-performing asset with substantial long-term growth prospects.

Highlights

  • Strong tenant roster.
  • Significant rental upside potential.
  • SFED-MU zoning designation.

Property Details for 801 Federal Hwy

Property type
Lifestyle centers, Power centers
Square Feet
11,000 SF
Class
C
Year Built
1976
Buildings
2
Stories
1
Lot Size (sq. ft)
31,363 SF
Units
18

Location Insight

City
Dania Beach
County
Broward
State
Florida
Latitude
26.0401913
Longitude
-80.1430546
801 Federal Hwy, Dania Beach, Florida

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801 Federal Hwy
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