158 Federal HwyDania Beach, FL 33004

Property Details for 158 Federal Hwy

Year built

1959

Construction

CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

1,565 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

50-42-34-01-1600

APU

504234011600

Description

Exceptional opportunity to acquire a vacant 18,000 square foot land parcel located at 158 N Federal Hwy, Dania Beach, Florida 33004. This property is zoned CC (City Central) and situated within the Community Redevelopment Area (CRA) district, offering a wide array of potential uses. The site boasts excellent frontage on N. Federal Highway, a major thoroughfare with high visibility and traffic volume (53,000 vehicles per day). Its strategic location provides easy access to Fort Lauderdale International Airport, further enhancing its appeal. Dania Beach is experiencing significant growth, fueled by new businesses, residential developments, and tourism, creating a vibrant and dynamic economic environment. The CRA's initiatives are accelerating this growth, attracting investment and improving infrastructure. The asking price is $3,900,000, and the property is offered as a fee-simple sale, with the seller open to considering a ground lease. A market study is available upon request. The property's APN is 504234011600. This is a truly unique opportunity to capitalize on the burgeoning growth of Dania Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $559,908

  6.5%

  $516,839

  7%

  $479,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $671,197

  Geo Method

  $671,197

• Alternative Use

  Use

  Valuation

  Residential

  $640,880

  Hospitality

  $587,042

  Educational

  $488,412

  Medical

  $505,210

  Retail

  $759,753

Location Insight

City

Dania Beach

County

Broward

State

Florida

Latitude

26.0557

Longitude

-80.1435

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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