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    3038 Federal Hwy Fort Lauderdale, FL 33306

    For Lease
    $25 SF/Yr ($8,608 /Mo)

    Prime Fort Lauderdale location, 1,982 sq ft.

    Lot size:
    4,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,982 square foot Class A commercial space, located at 3038 N Federal Hwy #C in Fort Lauderdale, Florida (33306), presents a unique investment opportunity. Situated in the vibrant Time Square Shopping area, this single-tenant property boasts excellent visibility and high traffic exposure, exceeding 45,000 Annual Average Daily Traffic (AADT) on N Federal Hwy. The space features one office, two bathrooms, and a kitchenette, making it ideal for a variety of uses including retail, professional offices, medical offices, or showrooms. The property is zoned B-1 and includes three parking spaces. Built in 1960, this space is currently vacant and available for immediate occupancy. The rental rate is $25 per square foot, plus $9 per square foot in NNN expenses. For businesses requiring more space, an adjacent 2,150 square foot unit on the second floor, with a separate entrance, is also available from the same owner, renting for $17 per square foot, plus $6 per square foot in NNN expenses. This additional space offers similar versatility for office, medical, or retail uses. The total building size is 4,132 square feet. The property's APN is 494225190130.

    Property Features for 3038 Federal Hwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,132 SF
    Class
    A
    Total Rate
    8608.33

    Building Details

    Year Built
    1960

    Unit(s) available at that property

    Space
    C
    Size
    1,982 SF
    Rate per SF
    $25

    HighLights

    • 1,982 SF Class A commercial space in Fort Lauderdale's Time Square Shopping area.
    • Excellent visibility and high traffic (45,000+ AADT).
    • Features one office, two bathrooms, and a kitchenette; suitable for retail, professional, medical, or showroom uses.
    • Zoned B‑1 with three parking spaces; currently vacant.
    • $25/SF rental rate, plus $9/SF NNN expenses.
    • Adjacent 2,150 SF unit available from same owner ($17/SF + $6/SF NNN).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Steve Botkin - State ... Insurance Agency Contich Construction Inc General Contractor Rouge Ruby Eyelash ... Beauty Salon Lakes Keys & T-Shirts ... T-Shirt Store Architecture Studio Inc Architect

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.115934680294
    Latitude
    26.16648549685

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    FAQs

    What type of property is this?
    Medical office - Prime Fort Lauderdale location, 1,982 sq ft.
    Where is this medical office located?
    The property is located at 3038 Federal Hwy Fort Lauderdale, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 1,982 SF Class A commercial space in Fort Lauderdale's Time Square Shopping area.; Excellent visibility and high traffic (45,000+ AADT).; Features one office, two bathrooms, and a kitchenette; suitable for retail, professional, medical, or showroom uses.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3038 Federal Hwy Fort Lauderdale, FL 33306
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