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Tyler Coon

tyler@savvy.realty +1(828) 620-2541

Est. payment - /mo

23,784 SqFt

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 23,784 sqft

MLS Listing ID A12070531

HOA Y/N No

Year Built 1974

Annual Tax Amount $98,327

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type Office

Property Description

Exceptional investment or owner-user opportunity at 955 S Federal Highway, a 48,106 SF office building strategically located just blocks from the new $245 million U.S. Federal Courthouse, scheduled to open in 2027. Gut-renovated in 2020, the property features 42 office suites, two levels of covered parking, and 33 currently leased suites. Offered at $11,950,000, the property provides a 7.1% cap rate on current income, with significant value-add potential through the lease-up of the remaining vacant suites and continued income growth. Investors can benefit from strong in-place cash flow while executing a clear path toward stabilization, with a projected 8.1% cap rate at stabilized occupancy. The property also offers potential future owner-user occupancy, making it an attractive opportunity for both investors and businesses seeking a strategic Fort Lauderdale location.

Location

State FL

County Broward

Area 3800

Direction From I-95, take Davie Boulevard east to S Federal Highway/US-1, turn left (north), and the property will be on your right at 955 S Federal Highway, Fort Lauderdale.

Region Fort Lauderdale

City Region Fort Lauderdale

Interior

Cooling Central Air

Fireplace No

Exterior

Parking Features Covered, Free Parking

Water Access Desc Public

Road Frontage County Road, Highway

Total Parking Spaces 53

Building

Lot Description Central Business District, City Lot, 1/4 to 1/2 Acre Lot

Dwelling Type Office

Story 4

Sewer Public Sewer

Water Public

Others

Pets Allowed No

Tax ID 504215010130

Security Features Security System,Fire Alarm,Fire Sprinkler System,Security Gate,Smoke Detector(s)

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12070531

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Listed by Daniel Chaberman Daniel Chaberman PA

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Tyler Coon

+1(828) 620-2541

Founder & CEO | License ID: 313885

Founder & CEO License ID: 313885

955 S Federal HWY Fort Lauderdale, FL 33316

Tyler Coon

Key Details

Location

Interior

Exterior

Building

Others

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955 S Federal HWY

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