400 12Th StFort Lauderdale, FL 33316

Property Details for 400 12Th St

Year built

1953

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

1,113 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

50-42-15-01-1900

APU

504215011900

Description

This exceptional free-standing office building, located in Broward County, offers a unique opportunity for a single tenant. Built in 1975, this one-story, 9-foot ceiling height building boasts a convenient location just minutes from Fort Lauderdale's downtown business district and Las Olas Boulevard. Enjoy easy access to major highways I-95, 595, and US-1. The building features five dedicated parking spaces, eliminating the hassles of downtown parking. The current layout includes four private offices, a reception area, and a private bathroom. The building is zoned RO and allows for prominent building signage, enhancing visibility and brand recognition. Utilities are tenant-responsible (water and electric). This boutique office building provides a professional environment, sharing the space with established businesses such as Pacific National Bank, State Farm, Learning Lab, and Ropes & Associates. Avoid the congestion of the city center and enjoy the convenience of a dedicated, free-standing building with ample parking. This is an ideal space for a business seeking a prestigious and easily accessible location. The building's address is conveniently located near Davie Blvd and offers a unique opportunity for a business seeking a high-profile location with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $398,197

  6.5%

  $367,566

  7%

  $341,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,343

  Geo Method

  $477,343

• Alternative Use

  Use

  Valuation

  Residential

  $455,782

  Hospitality

  $417,494

  Educational

  $347,350

  Medical

  $359,296

  Retail

  $540,323

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1074

Longitude

-80.1382

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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