4820 N Federal Highway

Description:

Rare 2.01-acre development site in prime Lighthouse Point, FL along US-1/Federal Hwy. Assemblage includes 3 income-producing commercial properties with +/-$320K NOI, offering low holding risk during redevelopment. Two tenants on NNN leases through 2027 with options. Ideal for a mixed-use project: 200+ multifamily units over +/-10,000 SF retail/restaurant space. High-visibility corner site with strong zoning change potential. Capitalize on demand for walkable, amenity-rich living in a sought-after coastal market. Ideal for developers seeking both immediate cash flow and long-term upside. Preliminary concept includes structured and surface parking, optimizing land use and tenant convenience.