691 Federal HwyDeerfield Beach, FL 33441

Property Details for 691 Federal Hwy

Year built

1969

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

4,040 SF

Zone code

B-2

Property type

Retail space

APN

48-43-06-00-0993

APU

484306000993

Description

This exceptional retail opportunity presents a thriving liquor store located at 691 S Federal Hwy, Deerfield Beach, FL 33441, in Broward County. Built in 1970, this freestanding building within a shopping center boasts ample dedicated parking. The asking price is $1,249,999. This established business, operating successfully for 17 years, offers a consistent year-over-year sales history and a loyal customer base, providing immediate revenue potential for the new owner. The owner's retirement is the reason for sale. The property is fully equipped with modern coolers, shelves, and wine racks, along with dedicated storage space. Beyond its current strong performance, significant growth opportunities exist. The new owner can leverage untapped potential through local marketing initiatives, extended operating hours, the addition of third-party delivery services (like DoorDash or Uber Eats), hosting customer events or tastings, and even installing an ATM. These strategies offer substantial avenues for increasing profitability and solidifying the store's position within the community. This turnkey operation presents a rare chance to acquire a well-established, profitable business with considerable upside.

• CAP approach

  CAP return

  Valuation

  6%

  $1,802,781

  6.5%

  $1,664,106

  7%

  $1,545,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,967,032

  Geo Method

  $1,967,032

• Alternative Use

  Use

  Valuation

  Residential

  $1,403,735

  Hospitality

  $1,285,814

  Educational

  $1,069,782

  Medical

  $1,106,574

  Retail

  $1,664,106

Location Insight

City

Deerfield Beach

County

Broward

State

Florida

Latitude

26.309

Longitude

-80.0934

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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