3038 Federal HwyFort Lauderdale, FL 33306
- Office properties
- 2,425 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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