4820 Federal HwyLighthouse Point, FL 33064

Property Details for 4820 Federal Hwy

Year built

1975

Construction

CONCRETE

Lot size

1.13 AC

Property size (Sq ft)

1,969 SF

Zone code

B-3A

Property type

Retail properties

Property subtype

Banks

APN

48-43-07-00-0540

APU

484307000540

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $878,633

  6.5%

  $811,046

  7%

  $753,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $958,685

  Geo Method

  $958,685

• Alternative Use

  Use

  Valuation

  Residential

  $684,147

  Hospitality

  $626,675

  Educational

  $521,386

  Medical

  $539,318

  Retail

  $811,046

Location Insight

City

Lighthouse Point

County

Broward

State

Florida

Latitude

26.2905

Longitude

-80.0946

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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