701 Federal Hwy Hallandale Beach, FL 33009-2449
- Investment properties
- 17,364 SF
- 1.89 lot acres
Current Use by Public Records
- Investment properties
Property Details for 701 Federal Hwy
- Year built
- 2021
- Lot size
- 1.89 lot acres
- Property size
- 17,364 SF
- Zone code
- CENTRAL RAC
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 51-42-22-29-0030
- APU
- 514222290030
Description
This exceptional turn-key office suite, the last available in the prestigious Atlantic Village complex, presents a unique opportunity for discerning businesses. Located within a six-story building, this 2,547 square foot space offers immediate occupancy and is situated on its own floor, providing unparalleled privacy and convenience. The suite boasts four private offices, a dedicated conference room, and a spacious open area, perfectly designed for optimal workflow and collaboration. Two private bathrooms are included within the suite for added convenience. A significant advantage is the inclusion of a private patio, offering an exclusive outdoor space for relaxation or informal meetings. Atlantic Village is a vibrant mixed-use development, providing tenants with access to a wide array of amenities, including over twenty restaurants, fitness centers, beauty salons, a swimming academy, and a preschool, all within walking distance. The building itself is part of a larger complex encompassing seven buildings and offers 100 parking spaces for tenants and guests. The property is zoned CENTRAL, and its APN is 514222290030. This is a rare opportunity to establish your business in a thriving, amenity-rich environment. The entire complex offers a total of 38,000 square feet of retail space, with this suite representing a single-tenant occupancy. Don't miss this chance to elevate your business to new heights in this luxurious and highly sought-after location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,990,000
- 6.5%
- $4,610,000
- 7%
- $4,280,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,453,000
Market price range: $2.16M - $7.45M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,890,000 Current use
- OFFICE BUILDING
- $10,020,000 Change: +105% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $7,980,000 Change: +63% Conversion: Moderate
- MEDICAL BUILDING
- $6,095,000 Change: +25% Conversion: Easy
- RETAIL STORES
- $6,070,000 Change: +24% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1431
- Latitude
- 25.9934
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
