4820 N Federal Highway, Lighthouse Point, FL 33064
- $4,500,000
- List Price
- $4,500,000
- MLS#
- B26059842
- Status
- ACTIVE
- Type
- Commercial
Property Description
Value-add redevelopment opportunity on 1.14± acres with prime Federal Hwy frontage in Lighthouse Point. Existing NNN lease provides passive income while positioning for future redevelopment. The tenant's option to renew is approaching, and if not exercised, the property offers immediate occupancy while redevelopment plans move through the Town's review process. The highest and best use may be vertical redevelopment. The Town has shown a willingness to consider quality proposals, and the surrounding demographics make senior housing, assisted living, medical office, or outpatient healthcare compelling concepts. The property's most inclusive zoning classification provides exceptional flexibility for a wide variety of commercial uses. Potential assemblage opportunity to create 2 acres.
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Additional Information
- Days on Market
- 1
- Tax Amount
- $30,591
- Water Access
- Building Only, Business And Building
- Parcel Number
- 484307000540
- Directions
- GOOGLE MAPS
- Address
- 4820 N Federal Highway, Lighthouse Point
- Year Built
- 1975
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Listing Courtesy of The Keyes Company, Contact: