$11,950,000Active

955 S Federal Highway, Fort Lauderdale, FL 33316

Fort Lauderdale, FL 33316

Sq Ft

1974

Year Built

0.36 acres

Lot Size

Listing Snapshot

List Price	$11,950,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.36 acres

Year Built	1974
Property Tax	$98,327/yr
MLS #	1180112629
Status	Active

About This Home

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.

General Features

Property Type: CommercialSale
Sub-type: Office
Stories: 4
Parking Spaces: 53
Parking: Covered,FreeParking
Zoning: RAC-RPO
Security: SecuritySystem,FireAlarm,FireSprinklerSystem,SecurityGate,SmokeDetectors