222 Commercial BlvdLauderdale-by-the-Sea, FL 33308

Property Details for 222 Commercial Blvd

Year built

1968

Construction

CONCRETE

Lot size

0.41 AC

Property size (Sq ft)

17,234 SF

Zone code

B-1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

49-43-18-05-0050

APU

494318050050

Description

Lauderdale-by-the-Sea's iconic Seagrape Commons offers exceptional retail, office, and restaurant opportunities steps from the beach. This special purpose property features a single-tenant building with various suite sizes available. The East Building (218 E. Commercial Blvd.) includes Suite 107 (600 sq ft, $35/SF NNN), Suite 108 (936 sq ft, $35/SF NNN - former salon space), Suite 202 (847 sq ft, $1,959/month), and Suite 204 (843 sq ft, $1,949/month). The West Building (222 E. Commercial Blvd.) offers Suite 107 (600 sq ft, $35/SF NNN), Suite 205 (827 sq ft, $1,913/month), and Suite 207 (1144 sq ft). Second-floor office CAM is $3.48/sq ft. Suite 221 in the East Building is also available at 631 sq ft for $1,459/month. This prime location provides unparalleled access to the beach and high foot traffic, making it an ideal investment for a variety of businesses. The property's APN is 494318050050. Lot size is not available.

• CAP approach

  CAP return

  Valuation

  6%

  $6,353,420

  6.5%

  $5,864,696

  7%

  $5,445,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,891,466

  Geo Method

  $7,891,466

• Alternative Use

  Use

  Valuation

  Residential

  $5,864,696

  Hospitality

  $5,372,030

  Educational

  $4,469,466

  Medical

  $4,623,178

  Retail

  $6,952,502

Location Insight

City

Lauderdale By The Sea

County

Broward

State

Florida

Latitude

26.1896

Longitude

-80.0983

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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