2800 Federal HwyFort Lauderdale, FL 33316

  • Retail properties
  • 5,454 SF
For Lease

Property Details for 2800 Federal Hwy

Year built
1961
Construction
CONCRETE
Lot size
0.33 AC
Property size (Sq ft)
5,454 SF
Zone code
B-1
Property type
Retail properties
Property subtype
Retail space
APN
49-42-25-04-4650
APU
494225044650

Description

This exceptional 50,641 square foot commercial land parcel presents a unique investment opportunity in Fort Lauderdale, Florida. Located at 2800 South Federal Highway, this single-tenant property boasts a highly visible position at the city's entrance, ensuring maximum exposure. The expansive land area offers significant potential for a variety of commercial developments. The property's zoning (not specified in provided data) will dictate allowable uses, but its size and prime location make it suitable for a wide range of projects. Currently vacant, this site provides a blank canvas for a new construction project or redevelopment opportunity. The address is 2800 Federal Highway, Fort Lauderdale, FL 33316. Its geographical coordinates are latitude 26.0886539 and longitude -80.1357927. This property is available for sale or lease, offering flexibility to suit various investment strategies. Serious inquiries are encouraged to explore the possibilities this exceptional location presents. The property is categorized as commercial land with a single tenancy designation. The total square footage of the land is 50,641 square feet. This is a rare opportunity to acquire a significant land parcel in a thriving Florida market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,383,594
    6.5%
    $2,200,241
    7%
    $2,043,081
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,060,276
    Geo Method
    $4,060,276
  • Alternative Use

    Use
    Valuation
    Residential
    $1,855,985
    Hospitality
    $1,700,072
    Educational
    $1,414,440
    Medical
    $1,463,085
    Retail
    $2,200,241
2800 Federal Hwy, Fort Lauderdale, Florida

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1626
Longitude
-80.1154
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
-
$358,950
$950,330
$1,309,280
-
$358,950
$950,330
$1,309,280

FAQs

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