4820 N FEDERAL Highway, Lighthouse Point, FL 33064
- $4,500,000
- List Price
- $4,500,000
- Status
- ACTIVE
- MLS#
- B26059842
- Year Built
- 1975
- Levels
- One
- Building Name
- First Horizon Bank
- Acres
- 1.14
Property 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. Tenant's renewal option runs through June 2032. 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 flexibility for a wide variety of commercial uses. Potential assemblage opportunity nearing properties for sale.
/u.realgeeks.media/teamgabriel/TeamGabrielLOGO.jpg)
Additional Information
- Days on Market
- 0
- Taxes
- $30,591
- Heating
- Central
- Cooling System Type
- Central Air
- Sewer
- Public Sewer
- Water Source
- Multiple Meters, Public
- Parking Spaces
- 35
Mortgage Calculator
Listing courtesy of The Keyes Company. Contact: