2 Federal HwyDania Beach, FL 33004

  • Mixed-use properties
  • 6,450 SF
For Sale
$3,225,000 View listing

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
2 Federal Hwy, Dania Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,097
$201,840
$599,220
$801,060
-
$201,840
$599,220
$801,060

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].