NyeMosher Schwartz, PA
MLS#A12070531
STATUSActive
PROPERTY TYPECommercial - Office
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.
Property Features
Property Type: Commercial - Office
Cooling: Central Building A/C
Lot Size: 0.36 Acres
Stories: 4.0
Taxes: $98,327
Year Built: 1974
Feature Descriptions
Crops Included Y/N: No
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.
Home Warranty Y/N: No
Lease Considered Y/N: Yes
Lease Terms: 1 To 3 Year Lease
Listing Terms: All Cash, Exchange
Lot: Central Business District, City Location
Parcel#: 504215010130
Parking: Additional Spaces Available, Covered, Free Parking
Parking Notes: Additional Spaces Available, Covered, Free Parking
Property Attached Y/N: No
Property Sub-Type: Office
Security: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Security Gate, Security System
Security: yes
Sewer: Public Sanitation
Water: Public
Water Features: Canal Width 1-80 Feet
Window: Clear Impact Glass
Listed By / Shown By
Listed By
Agency Name: Daniel Chaberman PA
Agency Phone: 646-323-7859
Shown By
Agent Name: Nye Mosher Schwartz, PA
Agent Phone: Cell: (954) 701-3346
Agency Title: Realty 100
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955 S Federal Hwy | MLS# A12070531
This commercial property located at 955 S Federal Hwy , Fort Lauderdale, FL 33316 is currently listed for sale with an asking price of $11,950,000. Search Fort Lauderdale real estate on www.nyesellshomes.com today.