This highly visible asset sits at the signalized intersection of E Oakland Park Boulevard, which sees 35,387 vehicles daily, and Federal Highway, which sees 46,988 vehicles daily. The plethora of retailers within a half mile and the bus stop conveniently located in front of the property drive heavy foot traffic. Discover a lucrative investment opportunity to acquire 3047 N Federal Highway, a highly visible and fully occupied office asset offering upside through lease improvement. Under market lease for the second floor expires end of 2025. Big opportunity to increase rent. 40-year building inspection conducted and passed. The property, built in 1959 and renovated in 1978, features professional décor and ample public parking on three sides. A dentist leases the first floor, and a property management company leases the second floor.
Located minutes from the beach and the Downtown Fort Lauderdale Financial District, 3047 N Federal Highway provides superb connectivity to neighboring cities, international markets, multiple health care options, and retail. Drivers benefit from quick access to US Highway 1, Route 1, and A1A and enjoy the convenient proximity to downtown Fort Lauderdale, Plantation, and Sunrise. Fort Lauderdale-Hollywood International Airport sits 12 miles from the asset, and locals will find five hospitals within a 10-mile radius of the property. Explore numerous retailers within walking distance, including Target, Publix, T.J. Maxx, Marshalls, Carter’s, and more.
Nicknamed the “Venice of America” and nestled between West Palm Beach and Miami, Fort Lauderdale contains 165 miles of waterway along Florida’s southeastern coast. This vibrant city has a robust and diversified economy, with key sectors including tourism, marine industries, technology, health care, finance, real estate, avionics/aerospace, and more. Due to its economic versatility and remarkable connectivity, Fort Lauderdale boasts the fifth-highest median income in the state and a population of over 900,000 residents within a 10-mile radius. 3047 N Federal Highway provides an excellent investment opportunity for an astute investor wanting to capitalize on the business-friendly South Florida climate and acquire a well-maintained asset with value-add potential in a prime location.