4700 N Federal Hwy Fort Lauderdale, FL 33308

Property Details for 4700 N Federal Hwy

Year built

1963

Construction

CONCRETE

Lot size

0.17 lot acres

Property size

1,350 SF

Zone code

B-1

Property type

Drive through restaurants

APN

49-42-24-08-0730

APU

494224080730

Description

This exceptional investment opportunity presents a 1,320 square foot office building situated at 4700 N Federal Highway in Fort Lauderdale, Florida, 33308. The property boasts approximately 75 feet of frontage on Federal Highway, benefiting from high visibility and traffic flow. Its B-1 zoning complements its location directly across from Holy Cross Hospital, surrounded by other office and professional buildings. A significant advantage is the long-term, triple-net (NNN) lease in place with a national franchisee, Jersey Mike's Subs. The lease has approximately 6.5 years remaining, with two five-year renewal options, providing substantial lease security. Importantly, this sale includes only the land and building; the business itself is not included. The building features one bathroom and ample parking with 13 spaces. The current rent is $3,277 per month, extending through April 2025, with a built-in 2% annual rent increase. The asking price for this property is $1,295,000. Seller financing may be considered with a minimum 40% down payment. This is a rare opportunity to acquire a stable, income-producing asset in a prime Fort Lauderdale location. Prospective buyers are welcome to view the interior; however, please refrain from disturbing the tenant.