800 Broward BlvdFort Lauderdale, FL 33301

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 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.

• 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

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