801 Federal Hwy Dania Beach, FL 33004
- Lifestyle centers
- 11,000 SF
- 0.72 lot acres
Current Use by Public Records
- Lobaina Dental / Dental Clinic / Dentist
- Yoan Lobaina DMD / Dentist
- Donya's Holistic Care / Holistic Medicine Practitioner
- Yoga Trapeze Health / Yoga Studio
- Cookhouse / Event Planner
Property Details for 801 Federal Hwy
- Year built
- 1976
- Lot size
- 0.72 lot acres
- Property size
- 11,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Dania Beach, FL shopping center presents a compelling value-add opportunity. Located at 801 S Federal Hwy, this 11,000 square foot property boasts 12 tenants under corporate guarantees, offering a stable income stream with a current NOI of $240,000 and a 6.00% cap rate. The pro-forma NOI projects to $288,834, representing a 7.00% pro-forma cap rate. Built in 1976, the property consists of two single-story buildings on a 0.72-acre lot, with ample parking (2 spaces per unit). The property features 18 units and is currently 100% occupied with rent bumps available. The SFED-MU zoning allows for significant future development potential. The asking price is $3,999,999, translating to $363.64 per square foot. This multi-tenant retail investment offers a strong current return with significant upside potential for future growth. The property's prime location in Dania Beach ensures high visibility and consistent foot traffic. This is a rare opportunity to acquire a well-performing asset with substantial long-term growth prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dania Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1431
- Latitude
- 26.0402
