4820 N Federal Hwy Pompano Beach, FL 33064
- Banks
- 1,969 SF
- 1.13 lot acres
Current Use by Public Records
- First Horizon Bank / Business Banking Service / Business To Business Service
Property Details for 4820 N Federal Hwy
- Year built
- 1975
- Construction
- CONCRETE
- Lot size
- 1.13 lot acres
- Property size
- 1,969 SF
- Zone code
- B-3A
- Property type
- Banks
- APN
- 48-43-07-00-0540
- APU
- 484307000540
Description
This exceptional 1,969 square foot, Class A retail building, located at 4820 Federal Hwy in Lighthouse Point, Florida, presents a compelling redevelopment opportunity. Currently occupied by First Horizon Bank under a NNN lease with 2.5 years remaining and a 5-year option, the property offers a stable income stream until 05/31/2027. Situated on a substantial 1.14-acre lot, the single-story building boasts high visibility on Federal Highway (approx. 41,000 vehicles per day), surrounded by major retailers including McDonald's, Walmart, and Target. The B-3A zoning allows for a wide range of uses, maximizing flexibility for future development. Built in 1976, this freestanding building offers significant upside potential for investors seeking a prime location in a thriving Broward County market. The property's strong tenant, favorable lease terms, and expansive lot size combine to create a unique investment opportunity. The asking price is $4,500,000, translating to $2,285.42 per square foot. This is a rare chance to acquire a well-positioned asset with substantial redevelopment potential in a desirable coastal community. The APN is 4843 07 00 0540.
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
- Lighthouse Point
- County
- Broward
- State
- Florida
- Longitude
- -80.0946
- Latitude
- 26.2905
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
