4820 N Federal Hwy, Lighthouse Point, FL

House

For Sale

Listed price in listed location currency (USD).

$4,500,000

0035

MLS® B26059842

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes $30,591

Days Active 12

Lot Size 1.14 Acres

Approx. Age 1975

MLS® Number B26059842

Property Address: 4820 N Federal Hwy, Lighthouse Point, FL, 33064-6514

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberB26059842

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1975

Basement

DrivewayCommon, Free Parking

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Map

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