This exceptional 29,437 square foot commercial land parcel presents a unique investment opportunity in Fort Lauderdale. Ideally situated at 2720 South Federal Highway, this single-tenant property boasts unparalleled visibility and accessibility. Currently utilized as a paved and fenced parking lot, the site offers immediate usability and significant development potential. Its strategic location adjacent to Hollywood International Airport ensures high traffic volume and convenient access to and from Federal Highway, a major thoroughfare. The property's size and location make it suitable for a wide range of commercial uses, from expanding existing businesses to developing new ventures. The completely paved and fenced nature of the land minimizes upfront development costs and allows for immediate occupancy. This is a rare opportunity to acquire a prime commercial land parcel in a high-demand location with excellent visibility and convenient access to major transportation routes. The property's existing infrastructure, including paving and fencing, further enhances its appeal and reduces the burden of initial site preparation. Investors and developers alike will appreciate the potential this site offers for significant return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional property.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$15,482,046
6.5%
$14,291,119
7%
$13,270,325
Comparable approach
Method
Valuation
Relative Method
$31,815,930
Geo Method
$31,815,930
Alternative Use
Use
Valuation
Residential
$12,055,094
Hospitality
$11,042,401
Educational
$9,187,148
Medical
$9,503,108
Retail
$14,291,119
Location Insight
City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.0893
Longitude
-80.1356
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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