Shoppes at Coral Ridge
Closed5130 N Federal Hwy, Fort Lauderdale, FL 33308
Property type
Retail, Office
Unit / Space count
12
Price
$4,230,000
CAP
6.75%
Building size
11,609 sf
Rentable area
11,609 SF
Year built
1975
Year renovated
2025
Occupancy
100%
Stories
2
Zoning code
Price per Unit
$352,500
Price per SF
$364.37
Net Operating Income
$285,553
Property description
Franklin Street is pleased to present Shoppes at Coral Ridge, a newly renovated, two-story retail center located at 5130 N Federal Highway in Fort Lauderdale, Florida. 12 individually metered suites, each 967-SF suite includes a private restroom and flexible layouts ideal for combining spaces or accommodating diverse uses. Renovated in Q4 2025 with a modern façade, upgraded tenant signage and other exterior updates. With 280,000+ residents within five miles, strong household incomes near $100,000, and sustained population growth, Shoppes at Coral Ridge represents a rare opportunity to acquire a stabilized, small-bay retail asset in an irreplaceable location with exceptional long-term value and rent growth potential.
Property highlights
- Newly Renovated: The property was recently renovated (Q4 2025) including a new façade and tenant signage.
- Excellent Tenant Mix: Tenancy includes convenience store, health studio, hair salon, and other convenience services.
- Ideal Retail Suites: The property is comprised of 12 units, each being 967 SF and including a restroom. Ability to combine multiple units for various uses.
- Market Rental Rates: Year 1 Average Rates—1st Floor - $28 PSF, 2nd Floor - $24 PSF
- High Growth Rents: CAGR - 5.65%