800 Broward BlvdFort Lauderdale, FL 33301

  • Office properties
  • 39,175 SF
For Sale
$18,000,000 View listing

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
800 Broward Blvd, Fort Lauderdale, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$174,815
$2,362,500
$6,424,160
$8,786,660
-
$2,362,500
$6,424,160
$8,786,660

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