425 Federal Hwy Hallandale Beach, FL 33009
- Office buildings
- 5,166 SF
- 0.40 lot acres
Current Use by Public Records
- Office buildings
Property Details for 425 Federal Hwy
- Year built
- 1964
- Construction
- CONCRETE
- Lot size
- 0.40 lot acres
- Property size
- 5,166 SF
- Zone code
- CENTRAL RAC
- Property type
- Office buildings
- APN
- 51-42-22-35-0050
- APU
- 514222350050
Description
This exceptional 5,166 square foot freestanding medical office building is ideally situated at 425 N Federal Hwy in Hallandale Beach, Florida, within Broward County (zip code 33009). The single-tenant property offers a highly desirable location, boasting 20 on-site parking spaces. Its strategic corner location provides excellent visibility and accessibility. The building is perfectly positioned between two thriving commercial hubs: Atlantic Village, a 200,000+ square foot complex encompassing restaurants, retail, medical, and office spaces, and ArtSquare, a vibrant development featuring 358 residential units and 13,500 square feet of retail and restaurant space. This proximity ensures high foot traffic and a strong customer base. The property's versatile design makes it suitable for a variety of uses, including retail, medical, or general office space. Its location offers easy access to major transportation routes and is just two miles from the prominent Aventura Mall, further enhancing its appeal and potential for success. This is a rare opportunity to acquire a well-located, freestanding building in a rapidly growing area. The property is classified as Retail and Office, with a specific subtype of Medical Office.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,490,000
- ML approach
- $2,745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,435,000
- 6.5%
- $2,245,000
- 7%
- $2,085,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,466,000
- AI Estimate
- $1,625,000
Market price range: $2.47M - $3.91MMarket price range: $980k - $3.06M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,980,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,445,000 Change: +16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1429
- Latitude
- 25.991
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA