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Property profile & analytics

2701 Federal Hwy Fort Lauderdale, FL 33306-1423

  • Retail space
  • 24,940 SF
  • 2.57 lot acres
OFF-MARKET
Last Sale
Jan 10, 2022
$13,710,000
Value Estimations
$11,435,000
Show details
Cap Rate Potential
3.9%
Retail space
Location Intelligence
Property ID
US18-0812806
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$191,287
$2,796,630
$6,236,280
$9,032,910
-
$2,796,630
$6,236,280
$9,032,910
More about this property
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