632 4Th AveFort Lauderdale, FL 33315

Property Details for 632 4Th Ave

Year built

1971

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

1,632 SF

Zone code

RAC-SMU

Property type

Office buildings

APN

50-42-10-01-5130

APU

504210015130

Description

This exceptional freestanding office building, located at 632 SW 4th Avenue in the thriving Downtown Fort Lauderdale area, presents a unique investment opportunity. Priced at $789,900, this 1971-built property offers two units totaling approximately [Square footage not provided, cannot be included] and sits on a lot with no recorded square footage. The building is zoned RAC-SMU, allowing for a variety of commercial, business, and mixed-use possibilities, making it an ideal investment for long-term growth. The property is strategically positioned within the Downtown Master Plan Redevelopment project zone, promising future appreciation. The front unit boasts a reception area, two executive offices, a conference room, and an executive/guest bathroom. The rear unit features a large common area, two staff offices, a staff bathroom, and double doors. High-quality features include dedicated AT&T fiber optic internet, a roof and two air conditioning units less than 10 years old, paved parking with three spaces (including a handicapped-accessible spot with handrail), additional rear gravel parking, and convenient alley access. Furniture is negotiable. This turnkey property offers immediate occupancy and significant potential for value creation through its diverse usage options. The property's prime location and flexible zoning make it a compelling investment in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $485,199

  6.5%

  $447,876

  7%

  $415,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $482,125

  Geo Method

  $482,125

• Alternative Use

  Use

  Valuation

  Residential

  $555,366

  Hospitality

  $508,713

  Educational

  $423,243

  Medical

  $437,799

  Retail

  $658,378

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1136

Longitude

-80.1469

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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