955 S Federal Hwy, Fort Lauderdale, FL 33316
- $11,950,000
- List Price
- $11,950,000
- MLS#
- A12070531
- Status
- ACTIVE
- Type
- Commercial
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.
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Additional Information
- Days on Market
- 2
- Waterfront Description
- Canal Width 1-80 Feet
- Tax Amount
- $98,327
- Water Access
- Building & Land, Fixtures, Furniture, Franchise, Furniture/Fixtures, Inventory, Leases
- Parcel Number
- 504215010130
- Lot Size
- 15,535
- Directions
- 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.
- Address
- 955 S Federal Hwy, Fort Lauderdale
- Year Built
- 1974
- Section
- 15
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Listing Courtesy of Daniel Chaberman PA, Contact: