800 Broward BlvdFort Lauderdale, FL 33301
- Office properties
- 39,175 SF
Property Details for 800 Broward Blvd
- Year built
- 1975
- Construction
- CONCRETE
- Lot size
- 1.21 AC
- Property size (Sq ft)
- 39,175 SF
- Zone code
- RAC-EMU
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 50-42-11-07-0270
- APU
- 504211070270
Description
This exceptional 40,971 square foot office building, situated at 800 East Broward Blvd in Fort Lauderdale, Florida, presents a compelling investment opportunity. Built in 1975, the property sits on a 1.72-acre lot and boasts a coveted High Density Flexible Design zoning designation. This allows for a diverse range of development possibilities, including hotel, residential, retail, and office uses, making it highly adaptable to future market demands. The building's prime location, just one block from Federal Highway and Las Olas Boulevard, places it within easy walking distance of the vibrant Las Olas Riverfront, Riverwalk, and a wealth of restaurants and retail establishments. The asking price for this strategically positioned property is $18,000,000. Its central location and flexible zoning make it an ideal candidate for redevelopment or repositioning, offering significant potential for substantial returns. The property's substantial size and prime location in the heart of downtown Fort Lauderdale provide unparalleled access to the city's thriving business district and its extensive amenities. This is a rare opportunity to acquire a significant asset in one of South Florida's most desirable locations. The 33301 zip code further underscores the property's desirability.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $11,646,859
- 6.5%
- $10,750,947
- 7%
- $9,983,022
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,573,079
- Geo Method
- $11,573,079
-
Alternative Use
- Use
- Valuation
- Residential
- $13,331,174
- Hospitality
- $12,211,284
- Educational
- $10,159,645
- Medical
- $10,509,051
- Retail
- $15,803,892
Location Insight
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Latitude
- 26.1221
- Longitude
- -80.135
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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