For Sale

2781 N Federal Hwy

2781 N Federal Hwy | Fort Lauderdale, FL 33306-1423, US

price$6,470,000
property typeCommercial Sale
year built1991

highlights

Core Investment, full-service car wash operation in-place
9.1% After-tax cap rate
Future redevelopment potential for medical, retail, or mixed-use
Surrounded by affluent, established neighborhoods
Heavy daytime traffic/ 50,000 AADT

property
details

STATUSActive
SALE PRICE PER UNIT$6,470,000
YEAR BUILT1991
PROPERTY TYPECommercial Sale
BUILDING SIZE4,586 SF
LOT SIZE0.5739 acres
CAP RATE9.1%
SALE PRICE$6,470,000
OCCUPANCY %100%
ZONINGB-1
DAYS ON MARKET490

property
description

eXp Commercial, LLC is pleased to present the opportunity to acquire Majestic Car Wash at 2781 N Federal Highway, Fort Lauderdale, FL. This core asset combines a profitable, cash-flowing business with trophy real estate in one of Fort Lauderdale’s most visible corridors. The lot consists of 0.57 acres along U.S. 1, N Federal Hwy, drawing more than 50, 000 vehicles per day between Coral Ridge Mall and River Market. Currently operating as a full-service car wash generating over $700, 000 in EBITDA, the site offers both strong in-place income and meaningful long-term redevelopment potential. 100% bonus depreciation is now available. This allows buyers to immediately depreciate qualifying improvements and equipment placed in service at acquisition, providing powerful upfront tax benefits that can significantly enhance returns on day one. Beyond the operating business, the property’s zoning and demographics create a natural canvas for future medical, retail, or mixed-use development. The affluent Coral Ridge Country Club Estates neighborhood, with its higher median age and income, underscores unmet demand for modern professional and consumer services along this corridor. This is a rare chance to acquire both profitable business and trophy real estate with immediate tax advantages, in one of Fort Lauderdale’s most desirable submarkets. For further information regarding this opportunity contact: Alan Grobman | 954.320.6702 | [email protected]

location
description

2781 N Federal Hwy | Fort Lauderdale, FL 33306-1423, US

Located directly on US1/N Federal Highway in Ft. Lauderdale, between NE 26th st. & E Oakland Park Blvd.

Alan Grobman

Alan Grobman

FL #BK3535719
(954) 320-6702
Jerad Graham

Jerad Graham

FL #SL3474730
(305) 600-1560

Request More Info

Share To Social