600 4Th AveFort Lauderdale, FL 33315

Property Details for 600 4Th Ave

Year built

1982

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

4,080 SF

Zone code

RAC-SMU

Property type

Office properties

Property subtype

Office buildings

APN

50-42-10-01-5060

APU

504210015060

Description

This exceptional special-purpose property at 600 SW 4th Avenue in Downtown Fort Lauderdale offers a unique opportunity. The single-tenant building features executive suites ideally situated just blocks from the Broward courthouse and the vibrant Las Olas Boulevard. Enjoy the convenience of a prime location within walking distance of numerous restaurants, bars, and coffee shops. The building boasts a welcoming atmosphere with a receptionist at the front entrance, a shared kitchen, and a convenient conference room for tenant use. Currently, three open offices are available for lease, with monthly rental rates ranging from $950 to $1200. A significant advantage is the absence of additional CAM fees. Utilities are included, encompassing electricity, water, and high-speed internet access. The building enjoys a strong tenant profile, currently housing primarily legal professionals and a technology company, reflecting a stable and desirable occupancy. The property is zoned RAC-SMU and has an APN of 504210015060. This is an excellent opportunity for businesses seeking a prestigious and well-amenitized location in the heart of Downtown Fort Lauderdale. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,212,998

  6.5%

  $1,119,690

  7%

  $1,039,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,205,314

  Geo Method

  $1,205,314

• Alternative Use

  Use

  Valuation

  Residential

  $1,388,416

  Hospitality

  $1,271,782

  Educational

  $1,058,107

  Medical

  $1,094,497

  Retail

  $1,645,945

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1145

Longitude

-80.1469

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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