3047-3049 N Federal Hwy - Medical FOR SALE


Fort Lauderdale, FL 33306- Coral Shores
$2,100,000 USD
954-519-4109
3047-3049 N Federal Hwy, Fort Lauderdale, FL for Sale
$2,100,000 USD
Medical - FOR SALE
1/28
null | 4.8% Cap Rate

3047-3049 N Federal Hwy
Fort Lauderdale, FL 33306
Coral Shores


HIGHLIGHTS

  • Prime investment opportunity to acquire a fully leased medical and office asset with value-add potential in a business-friendly South Florida climate.
  • Benefit from high visibility, heavy vehicle and foot traffic, and connectivity to nearby cities, international markets, health care, and retail.
  • Property features include professional décor, ample public parking, and prominent signage.
  • Strategically located near major thoroughfares, the airport, and less than a half-mile from Coral Center and Times Square Plaza.

OVERVIEW

3047–3049 N Federal Highway is a fully occupied, highly visible office asset offering strong investment potential and value-add upside. The second floor is leased below market rate, with the lease expiring in 2025, presenting a prime opportunity for increased rental income. The property passed its 40-year building inspection and features professional interiors, with ample public parking on three sides. Built in 1959 and renovated in 1978, the building is currently leased to a dental practice on the first floor and a property management company on the second. Located at the signalized intersection of Federal Highway (47,000+ VPD) and E Oakland Park Boulevard (35,000+ VPD), the site benefits from exceptional visibility and accessibility. A bus stop directly in front and national retailers within a half-mile, such as Target, Publix, T.J. Maxx, and Marshalls, help drive consistent foot traffic. Minutes from the beach and Downtown Fort Lauderdale’s Financial District, the property offers superb connectivity via US Highway 1, Route 1, and A1A. It is conveniently located near Plantation, Sunrise, and Fort Lauderdale–Hollywood International Airport (FLL), 12 miles away. Five hospitals lie within a 10-mile radius, further supporting tenant needs and regional demand. Fort Lauderdale, nicknamed the Venice of America, is a vibrant economic hub with over 165 miles of navigable waterways and a diversified economy driven by tourism, marine industries, technology, health care, finance, and aerospace. With over 900,000 residents within a 10-mile radius and the fifth-highest median income in Florida, the city is primed for continued growth. This well-maintained property offers stable in-place income with near-term upside, an ideal opportunity for investors seeking a strong foothold in South Florida’s thriving, business-friendly market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B-1

APN/PARCEL ID

49-42-25-08-0240

ASK ABOUT THIS PROPERTY

Michael CamardelloRe/MAX ExperienceMore Info
954-519-4109

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Michael CamardelloRe/MAX ExperienceMore Info
954-519-4109

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