4820 N FEDERAL Highway, Lighthouse Point FL 33064
Lighthouse Point, FL 33064
$4,500,000
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- Price
- $4,500,000
- Building size
- 1,963
- Property type
- Retail
- Year built
- 1975
- MLS number
- B26059842
This listing is courtesy of The Keyes Company, 954-467-0105.
About this property
Value-add redevelopment opportunity on 1.14± acres with prime Federal Hwy frontage in Lighthouse Point. Existing NNN lease provides passive income while positioning for future redevelopment. The tenant's option to renew is approaching, and if not exercised, the property offers immediate occupancy while redevelopment plans move through the Town's review process. The highest and best use may be vertical redevelopment. The Town has shown a willingness to consider quality proposals, and the surrounding demographics make senior housing, assisted living, medical office, or outpatient healthcare compelling concepts. The property's most inclusive zoning classification provides exceptional flexibility for a wide variety of commercial uses. Potential assemblage opportunity to create 2 acres.
Details
- Property type
- Retail
- Year built
- 1975
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC