415 12Th StFort Lauderdale, FL 33316

Property Details for 415 12Th St

Year built

1959

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

2,503 SF

Zone code

RO

Property type

Healthcare properties

Property subtype

Medical offices

APN

50-42-15-01-0670

APU

504215010670

Description

This exceptional 2,531-square-foot medical office building, located at 415 SE 12th Street in Fort Lauderdale, Florida, 33316, presents a unique investment opportunity. Completely renovated in 2023, the property boasts a state-of-the-art design perfectly suited for a dental surgical practice or other medical uses. The building features six exam/surgical rooms, each equipped with compressed air, water, and vacuum lines. Additional amenities include two executive offices, a CBCD imaging room, a sterilization room, a spacious reception/patient waiting area, an administrative workstation for three employees, ample storage, a break room, a kitchen, and two patient restrooms plus one private restroom. The 12,000 square foot lot provides convenient parking for 15 vehicles. Built with durable materials, including a galvanized metal/steel roof and impact windows, this property offers both functionality and longevity. Its unbeatable location, just two blocks from Broward Medical Center, Downtown Fort Lauderdale, and Las Olas Boulevard, ensures high visibility and accessibility. The asking price is $2,950,000. This turnkey operation is ideal for any medical professional seeking a premium space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $895,496

  6.5%

  $826,612

  7%

  $767,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,487

  Geo Method

  $1,073,487

• Alternative Use

  Use

  Valuation

  Residential

  $1,024,998

  Hospitality

  $938,893

  Educational

  $781,148

  Medical

  $808,013

  Retail

  $1,215,119

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1079

Longitude

-80.1382

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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