2201 NE 52nd St - Medical FOR SALE


Lighthouse Point, FL 33064- Outer Pompano Beach/Deerfield Beach
$2,400,000 USD
305-928-6314
2201 NE 52nd St, Lighthouse Point, FL for Sale
$2,400,000 USD
Medical - FOR SALE
1/60
null | Request Cap Rate

2201 NE 52nd St
Lighthouse Point, FL 33064
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Deep value-add investment opportunity in a prime location along the intracoastal
  • Commercial investment best suited for an owner-user or investor looking to capture upside through increasing rents to market rates and leasing the cur
  • Strategic covered land play with rental income upside and current vacancy
  • Long-term real estate appreciation with ability to cover current carrying costs
  • Limited existing supply available with limited room for new development
  • The property is located between Sample Rd. and SW 10th Street exits east of I-95

OVERVIEW

Cushman & Wakefield is proud to present for sale the medical office building located at 2201 NE 52nd Street, a unique value-add opportunity in Broward County. This investment is best suited for an owner-operator given the potential rental income upside and current vacancy. In addition, this location can be a strategic covered land play given the property’s stable cash flow and prime location. The subject property is conveniently located along N. Federal Highway (US1), East of I-95 between SW 10th Street and Sample Road exits. The medical office building is situated in the City of Lighthouse Point, a suburb in North Fort Lauderdale. Currently, the property is occupied by three tenants and there is 4,000 SF of vacant space available. The vacant space includes two executive offices, a large waiting room, and kitchen area. This office building is optimal for service providers like medical professionals, financial professionals, and other small businesses. The B3-A zoning designation permits offices uses such as day care facilities, medical labs, and financial institutions.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Covered Land - Lighthouse Point, FL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

B3A, LighthousePoint

APN/PARCEL ID

48-43-07-14-0161

ASK ABOUT THIS PROPERTY

Milan PatelCushman & WakefieldMore Info
305-928-6314

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Milan PatelCushman & WakefieldMore Info
305-928-6314

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