Value-add redevelopment opportunity on 1.14± acres with prime Federal Hwy frontage in Lighthouse Point. Existing NNN lease provides passive income while positioning for future redevelopment. The tenant's option to renew is approaching, and if not exercised, the property offers immediate occupancy while redevelopment plans move through the Town's review process.… Read More The highest and best use may be vertical redevelopment. The Town has shown a willingness to consider quality proposals, and the surrounding demographics make senior housing, assisted living, medical office, or outpatient healthcare compelling concepts. The property's most inclusive zoning classification provides exceptional flexibility for a wide variety of commercial uses. Potential assemblage opportunity to create 2 acres. Read Less
Courtesy of The Keyes Company 954-467-0105
Listing Snapshot
Days Online
6
Last Updated
Property Type
Retail
Square Ft.
1,963
Lot Size
1.14 Acres
Year Built
1975
MLS Number
B26059842
30 Days Snapshot Of 33064
$256k
+6%
(avg) sold price
17
-29%
homes sold
121
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1975, Construction materials: Concrete Block - No Stucco, Toal building area: 1963
Cooling
Central Air
Heating
Central
Lot
1.14 acres
Parking
Common, Free, 35 total parkings
Property
Zoning: B-3A
Roof
Composition, Concrete, Flat
Security Features
None
Sewer
Public Sewer
Taxes
Annual amount: $30,591
Utilities
Other, Electricity Available, Sewer Connected
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
