4820 N FEDERAL Highway

Highlights:

• Lot Features: 1 To Less Than 2 Acre Lot
• Number Of Buildings: 1
• Bathrooms Total: 0
• Documents Available: Aerial Photo
• Cooling: Central Air
• Heating: Central
• Electric: Other Electric
• Construction Materials: Concrete Block With Brick
• Parking Features: Common, Free Parking
• Security Features: No Fire Protection, No Security

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 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 exceptional flexibility for a wide variety of commercial uses. Potential assemblage opportunity to create 2 acres.

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Listing ID: B26059842