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First Horizon Bank 4820 N Federal Hwy

3,235 SF Retail Building Lighthouse Point, FL 33064 £3,470,895 (£1,072.92/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

Keyes - Commercial Broker Confidentiality Registration Agreement

PROPERTY FACTS

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Bank

Building Size

3,235 SF

Building Class

Year Built

1976

Price

£3,470,895

Price Per SF

£1,072.92

Tenancy

Single

Number of Floors

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