For Sale
$4,500,000

4820 Federal HwyLighthouse Point, FL 33064

Prime Retail Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1,969 square foot, Class A retail building, located at 4820 Federal Hwy in Lighthouse Point, Florida, presents a compelling redevelopment opportunity. Currently occupied by First Horizon Bank under a NNN lease with 2.5 years remaining and a 5-year option, the property offers a stable income stream until 05/31/2027. Situated on a substantial 1.14-acre lot, the single-story building boasts high visibility on Federal Highway (approx. 41,000 vehicles per day), surrounded by major retailers including McDonald's, Walmart, and Target. The B-3A zoning allows for a wide range of uses, maximizing flexibility for future development. Built in 1976, this freestanding building offers significant upside potential for investors seeking a prime location in a thriving Broward County market. The property's strong tenant, favorable lease terms, and expansive lot size combine to create a unique investment opportunity. The asking price is $4,500,000, translating to $2,285.42 per square foot. This is a rare chance to acquire a well-positioned asset with substantial redevelopment potential in a desirable coastal community. The APN is 4843 07 00 0540.

Highlights

  • $4,500,000 asking price for a 1,969 SF retail building.
  • NNN lease with First Horizon Bank, a national tenant.
  • Located on 1.14 acres in Lighthouse Point, FL, with high visibility on Federal Highway (41,000 VPD).
  • B-3A zoning allows for flexible redevelopment options.
  • 2.5 years remaining on the lease, with a 5-year option.

Property Details for 4820 Federal Hwy

Property type
Retail properties, Banks
Square Feet
1,969 SF
Class
A
Year Built
1976
Buildings
1
Stories
1
Lot Size (sq. ft)
49,658 SF

Location Insight

City
Lighthouse Point
County
Broward
State
Florida
Latitude
26.290630845038
Longitude
-80.094669881373
4820 Federal Hwy, Lighthouse Point, Florida

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4820 Federal Hwy
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