3562 Ocean BlvdFort Lauderdale, FL 33308

Property Details for 3562 Ocean Blvd

Year built

1967

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

2,310 SF

Zone code

CB

Property type

Office properties

Property subtype

Office buildings

APN

49-43-19-02-0370

APU

494319020370

Description

This exceptional opportunity presents a chance to acquire a thriving, family-owned business and its accompanying building in Fort Lauderdale's desirable North Ocean Boulevard area. Established for 41 years, this business operates a state-of-the-art private safe deposit facility and data vault boasting 2,488 safe deposit boxes, ideal for fine art, collectibles, media, and bulk storage. The facility includes a fully equipped bank-style teller area and a remarkably secure vault, UL-rated Class 2aa and Federal Reserve-rated 9R, featuring two imported John Tann vault doors. Engineered to withstand 250 mph winds, the vault offers airtight and watertight sealing capabilities in emergencies. Advanced security measures, including a man trap, are in place. The sale includes the business, receivables, a single-story building with dedicated parking, and high-value furnishings, fixtures, and equipment. Recent improvements include a new roof with a 50-year warranty, updated air conditioning, a refreshed exterior façade, and a new awning. Additional parking is conveniently located nearby. The 2,310 square foot building sits on a 3,148 square foot lot, zoned CB. Constructed in 1967 and renovated in 1983, this property offers endless potential for growth and expansion. The asking price is $1,325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $686,771

  6.5%

  $633,942

  7%

  $588,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,420

  Geo Method

  $682,420

• Alternative Use

  Use

  Valuation

  Residential

  $786,088

  Hospitality

  $720,053

  Educational

  $599,075

  Medical

  $619,679

  Retail

  $931,895

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1722

Longitude

-80.0996

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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