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124-136 S Federal Hwy - Gulfstream Development Site

1.11 Acres of Commercial Land Offered at $12,500,000 in Hallandale Beach, FL 33009

Executive Summary

The Gulfstream Development Site is located on Federal Highway,also known as US-1, which is a major north-south highway that runs along the eastern coast of the state. Federal Highway serves as a primary route connecting various cities along Florida’s coastline including Miami, Fort Lauderdale, West Palm Beach, and Jacksonville.
The city of Hallandale Beach is strategically located between Fort Lauderdale and Miami, making it attractive for real estate development due to its proximity to major urban centers and tourist attractions. Directly across from the subject site is Gulfstream Park, known for its horse racing, casino gaming, dining,shopping and events

Property Facts

Price $12,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Hotel
  • Storefront, Retail or Office
Total Lot Size 1.11 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $12,500,000
Price Per AC $11,261,261
Lot Size 1.11 AC

Gulfstream Development Site located at 124 – 136 S Federal Highway, Hallandale Beach, FL. The site is 48,368 square feet and is located within Central RAC zoning.

Description

Gulfstream Development the site is located at 124 – 136 S Federal Highway, Hallandale Beach, FL. The site is 48,368 square feet and is located within Central RAC zoning, allowing for residential, hospitality, office, assisted living facilities, nursing homes, and educational uses. The area has seen significant growth in recent years with ongoing infrastructure improvements, new businesses, and residential developments. Some major improvements and developments worth noting are the evolution of Gulfstream Park which is now a premier entertainment destination, Atlantic Village, and The Oasis.

Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 51-42-27-24-0490
  • 51-42-27-24-0491
Land Assessment
$1,344,720
Improvements Assessment
$1,440,210
Total Assessment
$2,864,370

zoning

Zoning Code C (General Commercial)
C (General Commercial)
  • Listing ID: 33446418

  • Date on Market: 4/11/2024

  • Last Updated:

  • Address: 124-136 S Federal Hwy, Hallandale Beach, FL 33009

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