19
$4,500,000 Sale
Listed 90 days ago
4820 N FEDERAL Highway
· 0
· 0
· 35
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Key Facts
Key facts for 4820 N FEDERAL Highway
Property Type
Commercial, Unspecified
Parking
Common,FreeParking 35 parking
MLS #
B26059842
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$30,591 /yr
Days on Market
-
Year Built
1975
Maintenance Fee
-
Description
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 wh...ile redevelopment plans move through the Town's review process. 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.
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Listing courtesy of: The Keyes Company