2701 Federal Hwy Fort Lauderdale, FL 33306-1423
- Retail space
- 24,940 SF
- 2.57 lot acres
Jan 10, 2022
Current Use by Public Records
- Burlington / Discount Store / Men'S Clothing Store
- KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
Property Details for 2701 Federal Hwy
- Year built
- 1997
- Construction
- CONCRETE
- Lot size
- 2.57 lot acres
- Property size
- 24,940 SF
- Zone code
- B-1
- Property type
- Retail space
- APN
- 49-42-25-05-0180
- APU
- 494225050180
Description
This exceptional 30,777-square-foot free-standing retail building presents a unique investment opportunity in the heart of Fort Lauderdale's thriving retail market. Located on US1, this single-tenant property boasts unparalleled visibility and accessibility, ensuring high foot traffic and brand recognition. Constructed in 1997, the building sits on a substantial 4,872,839,400 square foot lot, offering ample space and potential for future expansion or development. The property benefits from its strategic location near major retailers such as Dick's Sporting Goods, Best Buy, Whole Foods Market, Target, Marshalls, and T.J. Maxx, drawing significant consumer traffic to the immediate area. With an average daily traffic count of 54,000 vehicles along US1, this location guarantees exceptional exposure. The building's proximity to the burgeoning downtown Fort Lauderdale urban core further enhances its appeal, positioning it for sustained growth and profitability. Currently, the entire 30,777 square feet is available for lease, providing a blank canvas for a discerning tenant seeking a prominent presence in a high-demand location within Broward County. This property represents a rare opportunity to secure a prime retail space in one of South Florida's most dynamic and desirable markets.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,495,000
- ML approach
- $8,630,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $14,214,000
Market price range: $5.36M - $14.2M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $9,460,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $18,765,000 Change: +98% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $12,920,000 Change: +37% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $11,720,000 Change: +24% Conversion: Difficult
- MEDICAL BUILDING
- $11,620,000 Change: +23% Conversion: Difficult
- WAREHOUSE, STORAGE
- $8,680,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1171
- Latitude
- 26.1613
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA