Prime Retail Showroom Property on Federal Highway
Prime Retail/ Showroom Property -South Federal Highway In Fort Lauderdale
Marketing description
Property offering consists of a 7,915 SF Retail / Showroom building with two additional income producing residential properties located behind ( single family house and a triplex) . Total land size is +/- 32, 577 SF. All leases are short term with under market rents offering maximum flexibility for an owner/ user or an active investor. Property was also previously approved for a new 9,901 SF retail center with associated 49 space parking behind. Located on a prime corner, the property has a traffic count of 59,000 cars per day. Located in close proximity to FLL Airport, Port Everglades, the 17th Street Causeway hotel, convention center and marine district as well as downtown Fort Lauderdale. Immediate area is undergoing extensive redevelopment of new retail, hotel and multifamily development.
Investment highlights
Prime retail location on South Federal Highway- 109 feet of frontage -59,000 cars per day
7,915 SF retail/ showroom building with two additional income producing residential properties behind(single family house and triplex)
Projected NOI of $300,000
Currently leased short term with under market rents; ideal for owner / user or active investor
Covered land play for future development ; Previously approved plans for 9,901 SF retail/showroom center with 49 spaces behind
Immediate area undergoing extensive redevelopment with new hotels, apartments, restaurants and retail centers
Priced at current land value - $144.27 PSF
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