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.
| MLS # | B26059842 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Building Name | FIRST HORIZON BANK |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 68 |
| Listing Provided By | The Keyes Company | Dodley Emmanuel Jr. |
| SQ Feet | 1,963 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | B-3A |
| Acreage | 1.14 |
| Lot Features | One To Two Acres |
|---|
| Parking Features | Common, Free Parking |
|---|
| Tax Annual Amount | 30591.08 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Lighthouse Point |
| Zip Code | 33064 |
| Area | 3221 |
| Subarea | NUS1 North Broward Intracoastal To Us1 (3211 3234) |
| Listing VS Median (in 33064) | |
Price: $4,500,000 low | high Med: $174,600 sqft: 1,963 low | high Med: 1,000 $ / sqft: $2,292 low | high Med: $175 On site: 68 low | high Med: 37 | |
| State | FL |
|---|---|
| County | Broward |
| City | Lighthouse Point |
| Zip Code | 33064 |
| Area | 3221 |
| Subarea | NUS1 North Broward Intracoastal To Us1 (3211 3234) |
| Listing VS Median (in 33064) | |
Price: $4,500,000 low | high Med: $174,600 sqft: 1,963 low | high Med: 1,000 $ / sqft: $2,292 low | high Med: $175 On site: 68 low | high Med: 37 | |