140 S Federal Hwy - Office FOR SALE


$12,500,000 USD
954-683-2000
140 S Federal Hwy, Dania, FL for Sale
$12,500,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate


HIGHLIGHTS

  • First floor is fully leased until August 2026
  • Steps away from Walgreens, dining, lodging, and the world's famous Jaxon's Ice Cream Parlor
  • Less than 5 minutes from Dania Pointe
  • Close proximity to Interstate 95 and airport
  • Sits at the North West quadrant of the intersection of Stirling Rd and Federal Hwy
  • 24 hour building access with a well lit parking lot

OVERVIEW

Rare opportunity to acquire a high-density development site along Federal Highway in Dania Beach with two viable 14-story development paths—offering both entitlement certainty and significant upside. Development Scenarios: Option 1: 14-Story Luxury Mixed-Use Subject to Dania Beach City Commission Approval Signature glass high-rise opportunity Approx. 200,000–240,000 SF ±125 luxury residential units + ground-floor retail Estimated NOI: $4.0M–$4.4M Projected exit value: $72M–$80M Condo-spec design could exceed $100M sellout Option 2: 14-Story Residential – Florida Live Local Act (By-Right) Administrative approval (no city vote required) ±130–140 units (60% market / 40% workforce) Major property tax exemptions Estimated annual tax savings: $350K–$450K Faster approvals and reduced entitlement risk. Ideal for developers and institutional investors seeking scale, speed to market, and entitlement clarity in a supply-constrained coastal market. One of the last remaining vertical development sites in the corridor 14-story height doubles land value vs. 7-story entitlement Strong political alignment or by-right fallback

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$1,086 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Memorial Regional Hospital Primary Care Ctr

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C-2, Dania

APN/PARCEL ID

50-42-34-01-3600

ASK ABOUT THIS PROPERTY

Rick GroschJalmark RealtyMore Info
954-683-2000

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Rick GroschJalmark RealtyMore Info
954-683-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.