Exceptional investment or owner-user opportunity at 955 S Federal Highway, a 48,106 SF office building strategically located just blocks from the new $245 million U.S. Federal Courthouse, scheduled to open in 2027. Gut-renovated in 2020, the property features 42 office suites, two levels of covered parking, and 33 currently leased… Read More suites. Offered at $11,950,000, the property provides a 7.1% cap rate on current income, with significant value-add potential through the lease-up of the remaining vacant suites and continued income growth. Investors can benefit from strong in-place cash flow while executing a clear path toward stabilization, with a projected 8.1% cap rate at stabilized occupancy. The property also offers potential future owner-user occupancy, making it an attractive opportunity for both investors and businesses seeking a strategic Fort Lauderdale location. Read Less
Courtesy of Daniel Chaberman PA 646-323-7859
Listing Snapshot
Days Online
5
Last Updated
Property Type
Office
Square Ft.
23,784
Lot Size
0.36 Acres
Year Built
1974
MLS Number
A12070531
30 Days Snapshot Of 33316
$1.03M
+44%
(avg) sold price
15
+25%
homes sold
141
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: County Road, Highway
Building
Built in 1974, Toal building area: 23784
Cooling
Central Building
Lot
0.36 acres
Parking
Covered, Free, 53 total parkings
Property
Zoning: RAC-RPO
Security Features
Fire Alarm, Fire Sprinkler System, Security Gate, Security System, Smoke Detector(s)
Sewer
Public Sewer
Taxes
Annual amount: $98,327
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