5640 N Federal Hwy, Fort Lauderdale, FL 33308 - Photo 1

1/1

$2,500,000

Sold
Closed
Commercial Service

1/1

Property Description

The physical building consists of 6,305 SF and sits on a 20,499 SF lot. There are a total of 3 units in this retail building. The property is currently 44% occupied with two tenants. There is 3,805 square feet available of PRIME turn-key restaurant space available for immediate occupancy. Perfect building for an owner user. Property is currently grossing $92,522 and netting $39,672 annually.

Full Property Details

Full Property Details for 5640 N Federal Hwy

General

Sold For: $2,500,000
Taxes: $35,011
Status: Closed
Type: Commercial Service
Source: Greater_Miami
MLS ID: A11330631
Added to Site: 1, 094 day(s) ago

Business

Business Type: Restaurant/Bar, Retail Space

Parking

Total Spaces: 21

Location

County: Broward County

Community

Units Assoc/Comm: 3

Structural Information

Detached/Attached: Detached
Building Size: 6304
Year Built: 1989

Unit Information

Units in Complex: 3

Lot Features

Lot Size (Sq. Ft.): 20,499
Potential Use: Investment

Financial Considerations

Tax Amount: $35,011

Disclosures and Reports

Special Conditions: Sale
Legal Description: HOYS BUSINESS CENTER 39-11 B PARCEL D W 150 BLK 1
Property ID: 494212010050

Listed and Sold by RE/MAX 5 Star Realty

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— 5640 N Federal Hwy —

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Schools

Schools serving 5640 N Federal Hwy

School District:Broward County School District

Name	Grades	Distance
Mcnab Elementary School 1350 Southeast 9th Avenue, Pompano Beach, FL 33060	K-5	1.1 mi
Pompano Beach Middle School 310 Northeast 6th Street, Pompano Beach, FL 33060	6-8	2.7 mi
Northeast High School, Oakland Park, FL 700 Ne 56th St, Oakland Park, FL 33334	9-12	1.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5640 N Federal Hwy

Date

Details

Price

Change

Source

4/12/2024

Sold

$2,500,000

-16.39%

MLS

8/15/2023

Price Reduced

$2,990,000

-8%

MLS

6/21/2023

Price Reduced

$3,250,000

-7.14%

MLS

1/20/2023

Listed

$3,500,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 4 days ago

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Beds
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Updated 2 days ago

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Beds
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Updated 4 days ago

2
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Price Reduced

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Single Family
Active
Updated 5 days ago

3
Beds
2
Total Baths
1,162
Sq. Ft.

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Price Reduced

-$49,100 (-8.2%)

$549,900

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Single Family
Active
Updated 1 day ago

3
Beds
2
Total Baths

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Sold

$2,499,999

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Closed

4
Beds
5
Total Baths

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Single Family
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3
Beds
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Total Baths

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Sold

$2,400,000

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Single Family
Closed

3
Beds
2
Total Baths

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Sold by RE/MAX Consultants Realty 1

5640 N Federal Hwy, Fort Lauderdale, FL 33308 (MLS# A11330631) is a Commercial Service property that was sold at $2,500,000 on April 12, 2024. Want to learn more about 5640 N Federal Hwy? Do you have questions about finding other Commercial Service real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

5640 N Federal Hwy Fort Lauderdale, FL 33308