$12,000,000
Fort Lauderdale, FL 33308
MLS# F10507213
Status: Closed
21057 sqft
1 / 30
Property Description
Cornerstone medical office assemblage for sale in Fort Lauderdale’s healthcare district, steps from Holy Cross Hospital. Located along busy Federal Hwy (50,500 AADT), this nearly fully stabilized property features strong visibility, in-place medical tenants, and solid income with potential upside. Current leases are below market and on modified gross terms, offering value-add potential through rent increases and NNN conversion. The property has historically high occupancy, elevator access, natural light, ample parking, monument signage, and a landscaped, professional setting. With limited supply and high demand in this submarket, plus its proximity to the hospital, this legacy asset is ideal for investors or owner-users seeking long-term stability in a recession-resistant sector.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-06-03
Status: Closed
Original List Price: 12000000
Sold Price: $12,000,000
Current Price: $12,000,000
Location and Legal
Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 4801
Street Direction Prefix: N
Street Name: Federal
Street Suffix: Highway
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33308
Postal Code +4: 4618
Area: 3360
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Parcel Number: 494213200020
Subdivision Number: 20
Zoning: B-1
General Property Information
Property Sub Type: Business
Building Area Main: 21057
Year Built: 1962
Lot Size Area: 25456
Lot Size Acres: 0.58
Leasable Area: 58797
Status Change Information
Major Change Timestamp: 2025-08-01T19:58:25Z
Major Change Type: Status Change
Status Change Date: 2025-12-01
Under Contract Date: 2025-06-16
Close Date: 2025-08-01
Close Price: 12000000
Buyer Financing: Cash
Concessions
Seller Concessions: No
Price Calculations
Current Price To SqFt: 569.88
Original List Price To Close Price: 1
Financial Information
Tax Year: 2024
Tax Legal Description: CORAL HILLS-REPLAT BLOCK 2 96-47 B THAT PT OF PARCEL A F/K/A LOT 6 BLK 2 OF CORAL HILLS
Originating Details
Originating System Key: 599417031
Originating System ID: M00000170
Property Features
Business Type: Commercial; Medical
Structure Type: Warehouse
Listing Office: Native Realty Co.
Last Updated: June - 09 - 2026
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