Property Type:
Comm/Industry
Status:
Active
Current Price:
$9,400,000
Last Modified:
7/29/2025
Description
Rare 2.01-acre development site in prime Lighthouse Point, FL along US-1/Federal Hwy. Assemblage includes 3 income-producing commercial properties with +/-$320K NOI, offering low holding risk during redevelopment. Two tenants on NNN leases through 2027 with options. Ideal for a medical facility, mixed-use project: multifamily units over +/-10,000 SF retail/restaurant space. High-visibility corner site with strong zoning change potential. Capitalize on demand for walkable, amenity-rich living in a sought-after coastal market. Ideal for developers seeking both immediate cash flow and long-term upside. Preliminary concept includes structured and surface parking, optimizing land use and tenant convenience.
Listing Office: The Keyes Company
Last Updated: July - 29 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.