4319 N Ocean Dr - Freestanding FOR SALE
Lauderdale By The Sea, FL 33308 |
561-427-6699
4319 N Ocean Dr
Lauderdale By The Sea, FL 33308
HIGHLIGHTS
- Walgreens anchored retail center steps from Lauderdale-By-The-Sea beach, bars, restaurants and fishing pier
- Unique opportunity to own 1.23 Acres of prime real estate with in-place income and mid-rise zoning
- RM-25 Zoning allows for 25 dwelling units per acre and 50 hotel rooms per acre
- Potential for mix of uses including retail, office, hotel, apartments, and condos
- Large parcel with surface parking that may have potential to be monetized through valet and/or metered parking (not currently approved)
- Fort Lauderdale is known for its white sandy beaches which see 13 million visitors annually and for being the Yachting Capital of the World
OVERVIEW
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of 4319 N Ocean Dr. in Lauderdale-By-The-Sea, FL. This location has been anchored by Walgreens since the late 80s and offers an investor the opportunity to redevelop a large tract of land along South Florida's coastline. All leases are set to expire in the next two years with no remaining renewal options and the property will continue to provide cash flow while redevelopment plans are underway.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
1.23 AC
LAND SF
53,677 SF
ZONING
B-1 & RM-25
APN/PARCEL ID
49-43-18-01-1790
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561-427-6699
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561-427-6699
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