PRIME RETAIL PROPERTY ON FEDERAL HIGHWAY
1901 S Federal Hwy, Fort Lauderdale, FL 33316
Closed$4,350,0007,915 SF
Retail$550/SF
Property Type
Retail
Price
$4,350,000
Price per SF
$549.59
Building Size
7,915 SF
Net Operating Income
$300,000
Lot Size
32,577 SF
Property description
7,915 SF retail showroom building located on a rare 3/4 acre combined site on busy South Federal Highway, one of SE Fort Lauderdale's primary north-south arteries. The property has 109 feet of US-1 frontage with 59,000 cars per day traffic count. Projected NOI is approximately $300,000 yielding a 6.9% cap rate. The property sits in an SE Fort Lauderdale submarket undergoing active reinvestment, surrounded by new hospitality, dining, and retail uses, and minutes from FLL Airport, Port Everglades, Downtown, and the Broward County Convention Center.
Property highlights
- Three-parcel assemblage totaling 32,577 SF (approximately 3/4 acre) with 109 ft frontage on US-1. Commercial 7,915 SF building is up front and residential is located behind (a single family house and a triplex)
- Short-term lease structure provides rate flexibility and operational control.
- Close proximity to FLL Airport, Port Everglades, Downtown Fort Lauderdale and the new Broward County Convention Center
- Zoned B-1 (front) and X-P (rear)
- Projected NOI is $300,000
- FLDOT Shows 59,000 cars per day traffic count on US-1.
- Long term future redevelopment opportunity along busy corridor