2720 Federal HwyFort Lauderdale, FL 33316

Property Details for 2720 Federal Hwy

Year built

2011

Lot size

0.68 AC

Zone code

IM-3

Property type

Retail properties

Property subtype

Parking lots & garages

APN

50-42-23-32-0010

APU

504223320010

Description

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.

• 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

Property Tax & Assessments

FAQs

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