Property
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
| Lot Size: | 1.1 Acres |
Financials
Price:$4,500,000
Annual Taxes:$30,591.08
Listing Courtesy of The Keyes Company
Value add redevelopment opportunity on 1.
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. Tenant's renewal option runs through June 2032. If not exercised, the property offers immediate occupancy while 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 flexibility for a wide variety of commercial uses. Potential assemblage opportunity nearing properties for sale.
Amenities
- Electricity Available
- Sewer Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
