3,235 SF Retail For Sale — $4,500,000 — 4820 N Federal Hwy, Lighthouse Point

Executive Summary
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.

Allowed by right

Retail stores: confectionery, dairy, drug store/pharmacy, flowers, fruit and vegetables, garden supplies, gifts, groceries, hardware, hobby, ice cream, jewelry, meats, music, notions, pet supplies, seafood, souvenirs, sundries, tobacco, toys, apparel (B-1), Bakery or delicatessen (retail, max 6 employees) (B-1), Personal service shops: barber, beauty salon, shoe repair, pressing and mending (B-1), Day nursery / nursery school (B-1), Medical office (B-1), Professional offices: attorneys, engineers, architects, accountants and other professionals (B-1), Restaurant (B-1), Dressmaking, tailor, watch and jewelry repair shops (B-1), Laundry and dry-cleaning pickup station; self-service laundry (B-1), Sporting goods sales (no live bait) (B-1), Banks and financial institutions (B-1), Customs brokers and manufacturers' agencies (B-1), Employment, messenger, public utility, stockbroker, ticket and travel agency offices (B-1), Post office and other governmental offices (B-1), Newspaper news and circulation offices (B-1), Convenience store (1,000 ft spacing from another) (B-1), Residential use accessory to a permitted use (B-1), Retail stores: antiques, art supplies, auto accessories and new auto parts, bait and tackle, business machines, camera/optical, department store, furniture and home furnishings, appliances, luggage, fabrics, musical instruments, newsstand, office furniture and equipment, paint, books and stationery, electronics, locksmith (B-2), Package store without drive-thru (B-2), Pet shop (sale of cats/dogs per Sec. 42-358) (B-2), Automobile service station (700 ft spacing; max 5 rental trailers/trucks) (B-2), Spa, commercial gymnasium / fitness center (B-2), Bar / establishment for dining and consumption of alcoholic beverages, incl. outdoor dining (B-2), Dry cleaning establishment serving walk-in customers (max 5 employees, 2 units) (B-2), Schools: art, dance, drama, music, business or commercial courses (B-2), Artist studio; photographic studio; radio and television studio (B-2), Auctions of art goods, jewelry, rugs and similar (B-2), Dental laboratory (B-2), Interior decorator; costumer (B-2), Motor bus terminal (B-2), Commercial swimming pools and cabanas (B-2), Museums, nonprofit institutions, public facilities, community buildings, parks (B-2), Marine supplies (B-2), Parking lot (B-2), Hotel / motel (B-2), Community facilities (B-2), Group home (B-2), Nicotine dispensing device (vape) retail store, with Sec. 42-347(a)(7) limits (B-2), Yacht club with pools, courts and boats (B-2A), Diagnostic testing center (B-2A), Drive-in restaurant (B-3), Armory, telephone exchange (B-3), Taxidermist (B-3), Veterinary clinic (B-3), Pest-control agency (B-3), Plant nursery and landscaping (B-3), Tire and battery sales and service (B-3), Retail plumbing and electrical fixtures (B-3), Lawn mower rental, sales and service (B-3), Product research and testing laboratory (B-3), New automobile sales, display and service (used sales, repair, car wash only incidental to new sales), New boat sales, display and service (used sales, repair, boat wash only incidental to new sales), Kennel / pet boarding (stand-alone, soundproofed building abutting Federal Highway), Automobile rental and leasing agency (free-standing building; limited on-site sale of fleet cars), Mortuary / funeral home

With special approval

Full-service dry cleaning establishment (B-1 conditional), Children's dance school (B-1 conditional), Pawnshop (1,000 ft from other pawn/fortune teller/check cashing), Fortune teller or similar use (1,000 ft spacing), Check cashing / payday loans (1,000 ft spacing), Gaming establishment, golf driving range, miniature golf, playground or playfield (indoor/outdoor), Nightclub, Theater, sports arena and similar, Consignment shop (Sec. 42-370), Healthcare uses (Sec. 42-371), Hospital, Thrift and donated-item store (Sec. 42-373)