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.
- Cooling System
- Parking Features
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33316
- Street:
- 955 S Federal Hwy, Fort Lauderdale, Florida 33316
- Longitude:
- W81° 51' 46.1''
- Latitude:
- N26° 6' 39.2''
- Building Area:
- 23,784 Sqft
- Cumulative DOM:
- 298
- 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.
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 504215010130
- Structure Type:
- Office
- Tax Annual Amount:
- $98,327
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass
Commercial Sale For Sale
955 S Federal Hwy, Fort Lauderdale, Florida 33316, Fort Lauderdale, Florida 33316
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $11,950,000
- Year Built :
- 1974
- Lot Area :
- 15,535 Sqft
- MLS # :
- A12070531
- Property Sub Type :
- Office
