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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 mixed-use project: 200+ 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.
Features
Age: 41-50 Years Old
Architecture Style: Other
Legal Description: 7-48-43 S 165.40 OF S1/2 OF SEC 7 LYING E OF 120 R/W FOR US 1 & W OF A/L 300 E OF & PARALLEL TO US 1, LESS S 30 OF W 30