2 Federal HwyDania Beach, FL 33004
- Mixed-use properties
- 6,450 SF
Property Details for 2 Federal Hwy
- Year built
- 1930
- Construction
- CONCRETE
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 6,450 SF
- Zone code
- CC
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 50-42-34-01-3180
- APU
- 504234013180
Description
This exceptional seven-story mixed-use development in Dania Beach, Florida, presents a unique investment opportunity. Located at 2 S Federal Highway, this property seamlessly blends the preserved historic facade of the original 1930s two-story brick building with a sleek, modern five-story addition. The 10,092 square foot lot, zoned City Center (CC), allows for a dynamic mix of residential and commercial uses. The ground floor offers spacious commercial space, ideal for retail or restaurants, benefiting from high visibility and foot traffic on South Federal Highway. Upper floors feature a mix of one, two, and three-bedroom residential units, each equipped with modern kitchens, stainless steel appliances, and many with private balconies or terraces. Building amenities include a rooftop terrace, fitness center, and swimming pool. Office spaces on floors two and three provide flexible layouts suitable for various businesses. The property also includes a rear parking lot with ample spaces and EV charging stations. This prime location offers easy access to major highways, Fort Lauderdale-Hollywood International Airport, and nearby attractions. Owner financing is available. This property represents a strong investment with high demand and long-term value potential due to its prime location, unique architectural design, and diverse income streams. The blend of historic charm and modern luxury creates a highly desirable location for both residents and businesses. The property's strategic location in the heart of Dania Beach ensures high visibility and accessibility, making it an attractive investment for those seeking a mixed-use property in a thriving area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,861,436
- 6.5%
- $2,641,326
- 7%
- $2,452,660
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,287,728
- Geo Method
- $4,287,728
-
Alternative Use
- Use
- Valuation
- Residential
- $2,641,326
- Hospitality
- $2,419,440
- Educational
- $2,012,946
- Medical
- $2,082,174
- Retail
- $3,131,249
Location Insight
- City
- Dania Beach
- County
- Broward
- State
- Florida
- Latitude
- 26.0522
- Longitude
- -80.1441
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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