Redevelopment Opportunity Near Dania
140 South Federal Highway, Dania Beach, FL 33004
Mixed-use property suitable for redevelopment with high traffic exposure.
Type:Commercial Sale / Mixed Use
Property size:
33,105 SFPrice / SF:
$377/SF- Added:
- Jul 18, 2025
- Days on Market:
- 319
- Last Refresh:
- Mar 13 at 1:38 pm
Property Features for 140 South Federal Highway
General Information
- Standard status
- Active
- Size
- 33,105 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1968
Listing agent Rick Grosch License #0355538 (954) 683-2000
Listing office Jalmark Realty Inc At Pembroke Lakes (954) 683-2000
Listing date Jul 18, 2025
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jalmark Realty Inc At Pembroke Lakes
HighLights
- Redevelopment opportunity with potential to build up to 14 floors under the Live Local Act.
- Prime location at the NW corner of US‑1 and Sterling Rd with high traffic count (50,000+ vehicles/day).
- Excellent frontage: 160 feet on US‑1 and 200 feet on Sterling Road.
- Close proximity (less than 5 minutes) to Dania Pointe, I‑95, Fort Lauderdale Airport, and Port Everglades.
- First floor is currently leased, providing income until July 1, 2026.
- 24‑hour access with stair and elevator access.
Overview
This mixed-use property presents a redevelopment opportunity, potentially allowing for construction up to 14 floors under the Live Local Act. The property is situated less than 5 minutes from Dania Pointe, I-95, Fort Lauderdale Airport, and Port Everglades. The second floor is currently vacant, while the first floor is leased with a tenant expected to vacate on or before July 1, 2026. Located at the northwest corner of US-1 and Sterling Road, the property benefits from high traffic volume, with over 50,000 vehicles per day. It features 160 feet of frontage on US-1 and 200 feet of frontage on Sterling Road. The first floor is occupied by a medical clinic. The second-floor office space can be leased to any professional tenant or for any other permitted lawful use while obtaining necessary approvals and permits. The building offers 24-hour access through two entrances, both with stair access, and the main entrance includes elevator access. The property size is 33,105 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.51M | $45.60 |
| − Vacancy | −$339.7k | −$10.26 |
| EGI | $1.17M | $35.34 |
| − OpEx | −$292.5k | −$8.84 |
| NOI | $877.4k | $26.51 |
33,105 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$12.53M
$10.97M – $14.62M
NOI $877,448 @ 7.0% cap · market cap 7.02%
Second Best
Mixed Use
$8.16M
$7.14M – $9.52M
NOI $571,061 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$16.80M
$14.70M – $19.59M
NOI $1,175,689 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
OCCUPATIONAL MED CENTER
Nursing Home
Dr. Deberenia E. ...
Physician
Emad E. Ekladios
Pediatrician
Doctors office
Medical Clinic
Randa Ghali, MD
Physician
Location Insight
- Map
- Local Demand
- City
- Dania Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1440074
- Latitude
- 26.0492134
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property suitable for redevelopment with high traffic exposure.
Where is this mixed-use property located?
The property is located at 140 South Federal Highway Dania Beach, FL.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Redevelopment opportunity with potential to build up to 14 floors under the Live Local Act.; Prime location at the NW corner of US‑1 and Sterling Rd with high traffic count (50,000+ vehicles/day).; Excellent frontage: 160 feet on US‑1 and 200 feet on Sterling Road.
