SQUARE FEET1,963
MLS#B26059842
STATUSActive
PROPERTY TYPECommercial - Retail
Property 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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Heating: Central
Home Style: Commercial, Financial, Retail
Lot Size: 1.14 Acres
Roof Type: Concrete, Composition, Flat
Stories: 1.0
Taxes: $30,591
Year Built: 1975
Feature Descriptions
Exterior: Concrete Block - No Stucco
Parcel#: 484307000540
Parking: Common, Free
Parking Notes: Common, Free
Sewer: Public Sewer
Structure Type: Retail
Utilities: Electricity Available, Sewer Connected
Utilities: Electricity Available, Sewer Connected
Water: Public
Listed By / Shown By
Listed By
Agency Name: The Keyes Company
Agency Phone: 954-467-0105
Shown By
Agency Title: Thomas Group Real Estate
Agency Phone: 954-895-1342
Disclaimer:
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4820 N Federal Highway | MLS# B26059842
This commercial property located at 4820 N Federal Highway, Lighthouse Point, FL 33064 is currently listed for sale with an asking price of $4,500,000. Search Lighthouse Point real estate on www.thomasgrouprealestate.com today.