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First Horizon Bank | 4820 N Federal Hwy
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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)
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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
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
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PROPERTY TAXES
Parcel Number | 48-43-07-00-0540 | Improvements Assessment | £403,054 |
Land Assessment | £783,347 | Total Assessment | £1,186,401 |
PROPERTY TAXES
Parcel Number
48-43-07-00-0540
Land Assessment
£783,347
Improvements Assessment
£403,054
Total Assessment
£1,186,401
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First Horizon Bank | 4820 N Federal Hwy
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