3047 Federal Hwy Fort Lauderdale, FL 33306

This 6,000 sq ft, two-tenant medical office building in Fort Lauderdale, FL, presents a compelling value-add investment opportunity. Located at 3047 N Federal Highway, this Class B property boasts a 100% occupancy rate, with Heartland Dental as an anchor tenant. The building, constructed in 1959 and renovated five years ago, features Class A interior finishes, ample parking (30 spaces), and two ADA-compliant bathrooms. The current NOI is $121,000, yielding a 4.75% cap rate, with a pro-forma NOI of $157,000 and a pro-forma cap rate of 6.00%. The current leases have a remaining term of 4.1 years, with a lease commencement date of January 1, 2024, and expiration on December 31, 2028. The asking price is $2,250,000 ($362.90/sq ft), and rent bumps are included in the lease agreements. Situated on a 3,150 sq ft lot in a high-traffic area (over 100,000 cars daily), this property benefits from excellent visibility and accessibility. The building recently passed its 40-year inspection, and the upstairs tenant's lease expires in December 2024, presenting a significant opportunity to increase rental income. The property includes impact glass windows. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a prime Fort Lauderdale location. The property is zoned B1.