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.