660 Federal HwyPompano Beach, FL 33062

Property Details for 660 Federal Hwy

Year built

1970

Lot size

0.18 AC

Zone code

RM-20

Property type

Parking lots & garages

APN

49-43-06-07-0160

APU

494306070160

Description

This exceptional single-tenant office building, located at 660 S Federal Highway, presents a rare opportunity to acquire highly desirable commercial space at an unparalleled price point. Boasting a B-3 zoning designation and APN 494306100040, this property offers two suites totaling approximately 1,250 square feet. Each suite has undergone a recent interior remodel, perfectly suited for general office use. The modern design incorporates 3-4 private offices within each suite, enhancing productivity and privacy. A significant advantage is the inclusion of private bathrooms in each suite, providing added convenience and comfort for occupants. Ample parking is available, ensuring easy access for employees and clients. The building's single-tenant occupancy simplifies management and provides a streamlined operational environment. This is the lowest priced office space currently available on Federal Highway, making it an exceptional investment opportunity. The property's strategic location on Federal Highway offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The building's features, combined with its competitive pricing, make this a truly compelling proposition for discerning buyers seeking a cost-effective and well-appointed office space. The lot size is not specified. The property consists of one building with one suite.

• CAP approach

  CAP return

  Valuation

  6%

  $3,608,385

  6.5%

  $3,330,817

  7%

  $3,092,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,894,627

  Geo Method

  $3,894,627

• Alternative Use

  Use

  Valuation

  Residential

  $2,809,669

  Hospitality

  $2,573,642

  Educational

  $2,141,240

  Medical

  $2,214,880

  Retail

  $3,330,817

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2256

Longitude

-80.102

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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