275 Commercial BlvdLauderdale-by-the-Sea, FL 33308

Property Details for 275 Commercial Blvd

Year built

1976

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

15,268 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

49-43-18-07-0280

APU

494318070280

Description

This exceptional 15,000-square-foot office building is ideally situated at 275 Commercial Boulevard in Lauderdale-by-the-Sea, Florida (33308), offering unparalleled convenience and a prime location. The property, zoned B-1, features a single-tenant occupancy within a single-suite building (APN: 494318070280). Currently configured as a roughly 800-square-foot office, the space presents significant flexibility for build-to-suit or subdivision to accommodate various business needs. Recent renovations have enhanced the property's value and appeal, including the installation of impact glass, a new roof, updated bathrooms, new flooring, and modernized elevators. Ample on-site parking is available, with a portion designated as covered parking. The building's proximity to the beach (a five-minute walk) and its location on Commercial Boulevard east of the bridge provide exceptional visibility and accessibility. Additionally, a small, fully furnished compliance office is available, complete with a desk and filing cabinet. This turnkey opportunity combines a desirable location with modern amenities and the potential for customization, making it an ideal investment for businesses seeking a high-profile presence in Lauderdale-by-the-Sea.

• CAP approach

  CAP return

  Valuation

  6%

  $4,539,228

  6.5%

  $4,190,056

  7%

  $3,890,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,510,472

  Geo Method

  $4,510,472

• Alternative Use

  Use

  Valuation

  Residential

  $5,195,670

  Hospitality

  $4,759,206

  Educational

  $3,959,603

  Medical

  $4,095,780

  Retail

  $6,159,383

Location Insight

City

Lauderdale By The Sea

County

Broward

State

Florida

Latitude

26.1903

Longitude

-80.1016

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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