1455 Park DrWeston, FL 33326

Property Details for 1455 Park Dr

Year built

1993

Construction

CONCRETE

Lot size

1.00 AC

Property size (Sq ft)

10,817 SF

Zone code

O-1

Property type

Office properties

Property subtype

Office buildings

APN

50-40-17-02-0057

APU

504017020057

Description

This exceptional commercial property in Weston, Florida presents a rare investment opportunity. Situated on a 2.24-acre lakefront lot (approximately 97,531 square feet), this property comprises two separate two-story office buildings. The North Building offers approximately 10,817 square feet, while the South Building provides approximately 21,087 square feet, totaling approximately 31,904 square feet. Both buildings boast a range of office spaces, including private offices, open bullpens, semi-private offices, multiple conference rooms, well-equipped kitchen facilities, and ample restrooms. Shared parking is conveniently available for both buildings. Detailed floor plans are accessible upon request. The property benefits from a highly desirable location, offering easy access to major roadways, including Weston Road, and is in close proximity to a variety of shopping and dining options. Currently leased to a long-term, reliable tenant under a Triple Net (NNN) lease, the lease expires on March 24, 2024. The buyer is responsible for verifying all square footage measurements at their own expense. This property presents a compelling investment opportunity due to its prime location, substantial size, and existing tenancy. Don't miss this chance to acquire a significant commercial asset in the thriving Weston market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,500,968

  6.5%

  $2,308,586

  7%

  $2,143,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,195,558

  Geo Method

  $3,195,558

• Alternative Use

  Use

  Valuation

  Residential

  $2,862,647

  Hospitality

  $2,622,169

  Educational

  $2,181,614

  Medical

  $2,256,643

  Retail

  $3,393,622

Location Insight

City

Weston

County

Broward

State

Florida

Latitude

26.1012

Longitude

-80.3656

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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