Basic Information

  • MLS # F10342202
  • Type Business
  • Status Closed
  • Year Built 1975
  • Total Size 20,499 Sq.Ft / 0.47 Acre
  • Date Listed 07/29/2022
  • Days on Market 151
Description

DO NOT DISTURB TENANTS $300k Price Drop for Quick Sale! Recent Appraisal at $2.6m in hand. One of kind retail plaza located directly on Federal Highway. 6,305 square feet split into 3 suites with 2 fully functional restaurants on site. ~$100,000 in Capital Improvements in the past 2 years include a full front refacing. Great opportunity for an owner user to purchase and occupy restaurant space or to release it at market rates. Suite 1 - 3,455 sqft Colombian Restaurant (can be split into 2,455 and 1,000 sqft units) Suite 2 - 350 sqft Print/Shipping Store Suite 3 - 2,500 sqft High End Sushi Bar and Grill with long term lease. 6% cap rate pro forma NOI $156,000.00 Recent appraisal and environmental study in hand. DO NOT DISTURB TENANTS

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Business

Interior Features

  • Adjusted Sqft 0.47 AcreSq.Ft
  • Sqft 0.47 Acre Sq.Ft

Property Features

  • Address 5640 N Federal Hwy
  • Aprox. Lot Size 20,499
  • Furnished Info no
  • Listing Terms Cash
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $32,866
  • Tax Legal desc HOYS BUSINESS CENTER 39-11 B PARCEL D W 150 BLK 1
  • Tax Year 2021
  • Terms Considered Cash
  • Type of Property Business

5640 N Federal Hwy

Fort Lauderdale, FL 33308

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