Offices & Shoppes at Coral Ridge | 5130 N Federal Hwy
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Offices & Shoppes at Coral Ridge 5130 N Federal Hwy
11,609 SF Vacant Retail Building Fort Lauderdale, FL 33308 $2,995,000 ($258/SF) 4.28% Cap Rate
Executive Summary
Current Capital, the exclusive advisor, is pleased to present the Shoppes & Offices at Coral Ridge, a prime investment opportunity located on Federal Highway/US1 in Fort Lauderdale, Florida. This 12-unit retail and office property, situated on a 15,000 SF land site, offers approximately 11,609 square feet of rentable space and features around 110 feet of high-visibility frontage on Federal Highway/US1.
Originally constructed in 1976 and extensively renovated in 2022, the property is centrally positioned within the Broward County market, just 6 miles north of downtown Fort Lauderdale and 1.4 miles from Lauderdale by the Sea beach. With excellent visibility to over 44,000 average daily vehicles, and easy access to major highways including I-95 and the Florida Turnpike, the Shoppes & Offices at Coral Ridge is strategically located to attract a high volume of traffic.
The surrounding area boasts a robust demographic profile with approximately 261,000 residents within a 5-mile radius. The property is in excellent condition with no deferred maintenance, having completed a 40-year certification in October 2015. Offered below replacement cost, this asset provides a unique opportunity in a desirable and affluent market.
Originally constructed in 1976 and extensively renovated in 2022, the property is centrally positioned within the Broward County market, just 6 miles north of downtown Fort Lauderdale and 1.4 miles from Lauderdale by the Sea beach. With excellent visibility to over 44,000 average daily vehicles, and easy access to major highways including I-95 and the Florida Turnpike, the Shoppes & Offices at Coral Ridge is strategically located to attract a high volume of traffic.
The surrounding area boasts a robust demographic profile with approximately 261,000 residents within a 5-mile radius. The property is in excellent condition with no deferred maintenance, having completed a 40-year certification in October 2015. Offered below replacement cost, this asset provides a unique opportunity in a desirable and affluent market.
Data Room Click Here to Access
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,609 SF
Building Class
C
Year Built/Renovated
1975/2017
Price
$2,995,000
Price Per SF
$258
Cap Rate
4.28%
NOI
$128,298
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Land Acres
0.34 AC
Zoning
B-1 - GENERAL BUSINESS
Parking
24 Spaces (2.06 Spaces per 1,000 SF Leased)
Frontage
100 FT on N Federal Hwy
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 49-42-13-09-0040 | Improvements Assessment | $2,031,110 |
Land Assessment | $300,000 | Total Assessment | $2,331,110 |
PROPERTY TAXES
Parcel Number
49-42-13-09-0040
Land Assessment
$300,000
Improvements Assessment
$2,031,110
Total Assessment
$2,331,110
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Offices & Shoppes at Coral Ridge | 5130 N Federal Hwy
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