Commercial property in Lighthouse Point, Florida № 2280947

Property description

Value-add redevelopment opportunity on 1.14± acres with prime Federal Hwy frontage in Lighthouse Point. Existing NNN lease provides passive income while positioning for future redevelopment. The tenant's option to renew is approaching, and if not exercised, the property offers immediate occupancy while redevelopment plans move through the Town's review process. The highest and best use may be vertical redevelopment. The Town has shown a willingness to consider quality proposals, and the surrounding demographics make senior housing, assisted living, medical office, or outpatient healthcare compelling concepts. The property's most inclusive zoning classification provides exceptional flexibility for a wide variety of commercial uses. Potential assemblage opportunity to create 2 acres.