3038 Federal HwyFort Lauderdale, FL 33306

  • Office properties
  • 2,425 SF
For Lease
$25/SF/YR View listing

Property Details for 3038 Federal Hwy

Year built
1958
Construction
CONCRETE
Lot size
0.03 AC
Property size (Sq ft)
2,425 SF
Zone code
B-1
Property type
Office properties
Property subtype
Office buildings
APN
49-42-25-19-0160
APU
494225190160

Description

This exceptional 1,982 square foot Class A commercial space, located at 3038 N Federal Hwy #C in Fort Lauderdale, Florida (33306), presents a unique investment opportunity. Situated in the vibrant Time Square Shopping area, this single-tenant property boasts excellent visibility and high traffic exposure, exceeding 45,000 Annual Average Daily Traffic (AADT) on N Federal Hwy. The space features one office, two bathrooms, and a kitchenette, making it ideal for a variety of uses including retail, professional offices, medical offices, or showrooms. The property is zoned B-1 and includes three parking spaces. Built in 1960, this space is currently vacant and available for immediate occupancy. The rental rate is $25 per square foot, plus $9 per square foot in NNN expenses. For businesses requiring more space, an adjacent 2,150 square foot unit on the second floor, with a separate entrance, is also available from the same owner, renting for $17 per square foot, plus $6 per square foot in NNN expenses. This additional space offers similar versatility for office, medical, or retail uses. The total building size is 4,132 square feet. The property's APN is 494225190130.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $720,961
    6.5%
    $665,502
    7%
    $617,966
  • Comparable approach

    Method
    Valuation
    Relative Method
    $716,394
    Geo Method
    $716,394
  • Alternative Use

    Use
    Valuation
    Residential
    $825,223
    Hospitality
    $755,900
    Educational
    $628,900
    Medical
    $650,528
    Retail
    $978,288
3038 Federal Hwy, Fort Lauderdale, Florida

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1663
Longitude
-80.116
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
$12,120
$94,080
$483,910
$577,990
-
$94,080
$483,910
$577,990

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