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First Horizon Bank 4820 N Federal Hwy

3,235 SF Retail Building Lighthouse Point, FL 33064 £3,578,814 (£1,106/SF)

INVESTMENT HIGHLIGHTS

  • Great visibility
  • B-3a Zoning allows for flexibility within Business District uses
  • Located on high-traffic N. Federal Highway
  • 1.14 AC - Great upside for redevelopment
  • National tenant is currently in place on a NNN lease
  • 2 Ingress/Engress points

EXECUTIVE SUMMARY

Located in a prime location in Broward County on the east side of Federal Highway between 10th Street and Sample in Lighthouse Point. Zoned B-3A which is considered the most inclusive land use zoning in the special business districts which provides major flexibility uses permitted allowed in B-1, B-2, B-2A or B-3. Free standing building situated on a large parcel (1.14AC). Great upside for redevelopment if desired. This property has high visibility on FEDERAL HWY approx. 44,000 VPD & surrounded by well-known chain in immediate area such as McDonalds, Walmart, Toyota, Target and Cadillac dealership. National tenant is currently in place on a NNN lease with option in place. SELLER WOULD CONSIDER OWNER FINANCING AS LOW AS 4% INTEREST RATE

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
3,235 SF
Building Class
B
Year Built
1976
Price
£3,578,814
Price Per SF
£1,106
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
1.14 AC
Zoning
B-3A - Zoned B-3A- most inclusive land use zoning in special business districts which provides major flexibility uses allowed in B-1, B-2, B-2A or B-3.
Parking
26 Spaces (8.04 Spaces per 1,000 SF Leased)
Frontage
135 ft on N Federal Hwy

AMENITIES

  • Bus Route
  • Pylon Sign
  • Signage
  • Drive Thru

NEARBY MAJOR RETAILERS

First Horizon Bank
Starbucks
Santander
Buffalo Wild Wings
Winn-Dixie
TD Bank
Wells Fargo Home Mortgage
Bank of America
Dental Spa
Publix

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-43-07-00-0540
Land Assessment
£783,347
Improvements Assessment
£403,054
Total Assessment
£1,186,401
  • Listing ID: 32628384

  • Date on Market: 30/07/2024

  • Last Updated:

  • Address: 4820 N Federal Hwy, Lighthouse Point, FL 33064

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