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For Sale Available Listing #68563

7,305 SF Storefront For Sale — $4,400,000 — 3061 N Federal Hwy, Fort Lauderdale

3061 N Federal Hwy · Entire Property · Fort Lauderdale, FL 33306
7,305 SFAvailable space
Retail / StorefrontProperty type
100Parking spaces
2021Renovated
Quick Unit Specs
For Sale
$4,400,000 Asking Price
$602.33 Price / SF
6.69% Cap Rate
$294,360 NOI
308 days Avg Days to Sell
The Space
7,305 SF Sq Ft
Retail / Storefront Type
Available Status
For Sale Listing Type
— Condition
— Power
— HVAC
100 spaces Estimated Parking
— Yard
Location Map Click to explore · switch to satellite inside the map
Floor Plan
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Building Description
Executive Summary
CBRE, Inc., as exclusive advisor, is pleased to present for sale the Coral Shopping Center, a
±5,342 SF multi-tenant strip center, plus an additional undeveloped parcel of 1,857 SF, at 3061 N
Federal Highway in Fort Lauderdale, Florida. The Property occupies a signalized corner at the
intersection of Oakland Park Boulevard and Federal Highway — one of Broward County’s busiest
commercial intersections — and offers investors significant value-add potential through lease-up,
rent optimization, or repositioning. With strong in-place cash flow, a diverse tenant mix, and an
irreplaceable corner location directly across from Coral Ridge Mall, the Coral Shopping Center
benefits from a rapidly intensifying trade area, including the proposed redevelopment of the
Galleria Mall less than 1.5 miles south — a 31.5-acre mixed-use transformation that would add 3,144
apartments, a 170-room hotel, and over 1 million SF of commercial space to the corridor. The Coral
Shopping Center represents a compelling acquisition opportunity in one of South Florida’s most
active and highest-conviction retail corridors.
Building Specifications
CityFort Lauderdale, FL
ZIP Code33306
Year Built1993
Gross Leasable Area7,305 SF
Total Building SF1,320 SF
Frontage28’ on N Federal Hwy 28’ on N Federal Hwy 25’ on E Oakland Park Blvd 28’ on N Federal Hwy
Lot Size0.03 AC
Parking (building)100 Spaces
Parking Ratio13.69/1,000 SF
Floor Area Ratio1.0084
Percent Leased75%
AmenitiesBus Line; Corner Lot; Freeway Visibility; Security System; Signage; Signalized Intersection; Tenant Controlled HVAC; Storage Space; Monument Signage; Air Conditioning
Walk Score70/100
Renovated2021
Reference Links
Approved Uses by Zoning — Boulevard Business (B-1)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
Automotive sales, rental, new vehicles (Sec. 47-18.3), Automotive parts & supplies store, Automotive repair shop, incl. minor repair (Sec. 47-18.4), Automotive service station (Sec. 47-18.5), Car wash, automatic (Sec. 47-18.7), Motorcycle/moped sales, Tire sales, incl. retreading and service, Marine parts and supplies store, Sailmaking, Watercraft repair, minor (Sec. 47-18.37), Watercraft sales and rental (Sec. 47-18.36), Billiard parlor, Bingo hall, Bowling alley, Indoor motion picture theater, Performing arts theater, Bakery store, Bar, cocktail lounge, nightclub, Cafeteria, Candy, nuts store, Convenience kiosk (Sec. 47-18.43), Convenience store (Sec. 47-18.43), Convenience store, multi-purpose (Sec. 47-18.43), Delicatessen, Food and beverage drive-thru, Fruit and produce store, Grocery/food store, Ice cream/yogurt store, Liquor store (Sec. 47-18.43), Meat and poultry store, Package liquor store (Sec. 47-18.43), Restaurant, Seafood store, Supermarket, Bed and breakfast dwelling (Sec. 47-18.6), Hotel (Sec. 47-18.16), Civic and private club facility, Government administration, Hospital, House of worship, Library, Museum, Active and passive park (Sec. 47-18.44), Public/private recreation, Police and fire substation, Post office substation, School, Antiques store, Apparel/accessories store, Arts & crafts supplies store, Art galleries, art studio, Bait and tackle store, Bicycle shop, Book store, Camera, photographic supplies store, Card & stationery store, Cigar, tobacco store, Computer/software store, Consignment, thrift store, Cosmetic, sundries store, Department store, Fabric, needlework, yarn shop, Flooring store, Florist shop, Furniture store, Gifts, novelties, souvenirs store, Glassware, china, pottery store, Hardware store, Hobby items, toys, games store, Holiday-related merchandise, outdoor sales (Sec. 47-18.15), Home improvement center, Household appliances store, Jewelry store, Lawn & garden center, outdoor display permitted, Linen, bath, bedding store, Luggage, handbags, leather goods store, Medical supplies sales, Music, musical instruments store, Newspapers, magazines store, Office supplies, equipment store, Optical store, Paint, wallpaper store, Party supply store, Pet store, Pharmacy, Shoe store, Sporting goods store, Tapes, videos, music CD's store, Auction house, Copy center, Check cashing store, Dry cleaner (Sec. 47-18.12), Financial institution, incl. drive-thru banks, Film processing store, Formal wear, rental, Funeral home, Hair salon, Health and fitness center, Instruction: fine arts, sports recreation, dance, music, theater, Interior decorator, Laundromat (Sec. 47-18.19), Mail, postage, fax service, Massage therapist, Medical clinic, Medical/dental office, Nail salon, Nursing home, Parking facility (Sec. 47-20), Personnel services, Pet boarding, domestic animals only, Photographic studio, Professional office, Security systems, Senior citizen center (Sec. 47-18.30), Shoe repair, shoe shine, Swimming pool supplies and service, Tailor, dressmaking store, direct to the customer, Tanning salon, Tattoo artist, Trade/business school, Travel agency, Veterinary clinic (Sec. 47-18.35), Watch and jewelry repair, Urban agriculture (Sec. 47-18.41)
With special approval
Charter and sightseeing boat (Sec. 47-23.8), Hotel marina (Sec. 47-23.8), Marina (Sec. 47-23.8), Marine service station (Sec. 47-18.20), Watercraft sales and rental on a waterway (Sec. 47-23.8), Golf course, golf range, Indoor firearms range (Sec. 47-18.18), Miniature golf, Mixed use development (Sec. 47-18.21), Social service residential facility (Sec. 47-18.32), Adult gaming center (Sec. 47-18.42), Child day care facilities (Sec. 47-18.8), Helistop (Sec. 47-18.14), Medical cannabis dispensing facilities (Sec. 47-18.46)
Read the full B-1 zoning guide ›

Neighborhood Demographics · Census Tract 040602

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
3,061
Population
$91,186
Median Household Income
46
Median Age
1,391
Households
$709,200
Median Home Value
Household Income of 1,391 households
<$50k364 26%
$50–100k362 26%
$100–150k84 6%
$150k+581 42%
Age of 3,061 residents
Under 18645 21%
18–34341 11%
35–54931 30%
55–64487 16%
65+657 21%

Trade-Area Rings · Distance from Property

Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
10,810
population
5,879 households
$141,491 avg income
3 Miles
115,594
population
54,863 households
$121,291 avg income
5 Miles
267,471
population
119,393 households
$109,830 avg income

Frontage Traffic vs. Palm Beach County's Busiest Roads

This property fronts N Federal Hwy. Below, its measured daily traffic (FDOT count) is compared to five of the county's busiest roads — I‑95, Florida Turnpike, Okeechobee Blvd, US‑1/Federal Hwy, and Military Trail (approximate peak AADT) — to show how much exposure the location gets.
55,000vehicles / day on N Federal Hwy (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
◆ N Federal Hwy 55,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
This frontage carries about 22% of I‑95's volume — strong major‑arterial exposure. County roads shown are approximate peak AADT.
FDOT count stations on N Federal Hwy
55,000 AADT between SR-816/OAKLAND PARK (2025)
36,000 AADT between SR-811/DIXIE HWY and US-1/SR-5 (2025)
13,500 AADT (2025)
10,300 AADT (2025)
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone
Street View Click to load · then drag to look around
Asking Price
$4,400,000
Listing Courtesy of CBRE
Kelley Greenstein
Kelley Greenstein
CBRE
Inquire about this property
Key highlights
  • Irreplaceable Hard Corner Location 2nd Busiest Intersection in Broward County.
  • Explosive Surrounding Residential Growth.
  • Rebounding Investor Demand.
  • Significant Value-Add Upside.
  • Superior Trade Area Demographics.
Extended Unit Specifications
Suite Entire Property
Available Now
Clear Height —
Drive-In Bays —
Dock-High Bays —
Office SF —
Restrooms —
Parking Ratio 13.69
Op. Expenses —
On the Market
23days on market
Appraiser Data
Parcel Control No.494225080200
Assessed Value$442,220
Land Value$117,900
Improvement Value$324,320
Legal Description
CORAL SHOPPING CENTER 29-30 B
Source: Broward County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 35.7 mi
Ft. Lauderdale (FLL) 12.0 mi 20 min drive
Miami Intl (MIA) 37.1 mi 57 min drive
⚓ Seaports
Port of Palm Beach 41.9 mi
Port Everglades 5.1 mi
PortMiami 27.1 mi