3061 N Federal Hwy - Storefront FOR SALE


Fort Lauderdale, FL 33306- Coral Shores
$4,400,000 USD
954-830-1294
3061 N Federal Hwy, Fort Lauderdale, FL for Sale
$4,400,000 USD
Storefront - FOR SALE
1/4
null | 6.69% Cap Rate

3061 N Federal Hwy
Fort Lauderdale, FL 33306
Coral Shores


HIGHLIGHTS

  • Irreplaceable Hard Corner Location | 2nd Busiest Intersection in Broward County
  • Significant Value-Add Upside
  • Explosive Surrounding Residential Growth
  • Superior Trade Area Demographics
  • Rebounding Investor Demand

OVERVIEW

CBRE, Inc., as exclusive advisor, is pleased to present for sale the Coral Shopping Center, a ±5,342 SF multi-tenant strip center, plus an additional undeveloped parcel of 1,857 SF, at 3061 N Federal Highway in Fort Lauderdale, Florida. The Property occupies a signalized corner at the intersection of Oakland Park Boulevard and Federal Highway — one of Broward County’s busiest commercial intersections — and offers investors significant value-add potential through lease-up, rent optimization, or repositioning. With strong in-place cash flow, a diverse tenant mix, and an irreplaceable corner location directly across from Coral Ridge Mall, the Coral Shopping Center benefits from a rapidly intensifying trade area, including the proposed redevelopment of the Galleria Mall less than 1.5 miles south — a 31.5-acre mixed-use transformation that would add 3,144 apartments, a 170-room hotel, and over 1 million SF of commercial space to the corridor. The Coral Shopping Center represents a compelling acquisition opportunity in one of South Florida’s most active and highest-conviction retail corridors.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$602 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coral Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-1

APN/PARCEL ID

49-42-25-08-0190,49-42-25-08-0200,49-42-25-08-0201,49-42-25-08-0206,49-42-25-08-0220

ASK ABOUT THIS PROPERTY

954-830-1294

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954-830-1294

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