4000 Federal HwyFort Lauderdale, FL 33308

Property Details for 4000 Federal Hwy

Year built

1968

Construction

CONCRETE

Lot size

0.51 AC

Property size (Sq ft)

11,853 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Retail space

APN

49-42-24-08-0220

APU

494224080220

Description

This exceptional 1-acre commercial land parcel, located at 4000 N Federal Hwy in Fort Lauderdale, Florida (zip code 33308), presents a unique development opportunity. Boasting 300 feet of frontage on heavily trafficked US-1 (Federal Highway), this property enjoys visibility to over 50,000 vehicles daily. The site is strategically positioned midway between Oakland Park Boulevard and Commercial Boulevard, benefiting from excellent access and high traffic volume. Zoned B-1, the property offers significant potential for various commercial uses. The sale includes two parcels totaling 44,000 square feet (approximately 1 acre) and provides ample parking for 75 vehicles. Surrounded by established national retailers, local attractions, and affluent residential areas, this location offers unparalleled convenience and accessibility. Its proximity to major transportation arteries, including I-95 and A1A, further enhances its appeal. The property is a short drive from Fort Lauderdale's downtown area, the Executive Airport, Miami FC Stadium, and the Fort Lauderdale-Hollywood International Airport. This is an exceptional opportunity to acquire a highly visible and strategically located commercial property in a thriving market. The asking price is $10,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,180,187

  6.5%

  $4,781,711

  7%

  $4,440,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,824,065

  Geo Method

  $8,824,065

• Alternative Use

  Use

  Valuation

  Residential

  $4,033,552

  Hospitality

  $3,694,712

  Educational

  $3,073,957

  Medical

  $3,179,675

  Retail

  $4,781,711

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1777

Longitude

-80.1191

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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