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240 Commercial Blvd
Lauderdale By The Sea, FL 33308
Geobac Bldg · Office Property For Sale
Investment Highlights
- An owner-user can occupy a portion of the building while leasing remaining space, effectively offsetting operating costs
- Reconfigure upper floors into high-end executive or professional suites leveraging water views, balconies, and natural light.
- The third floor is zoned for residential, office or condominium use, offering potential for a luxury residential unit or executive live/work space
Executive Summary
Rare opportunity to acquire a freestanding, three-story signature office/mixed-use building with sweeping waterfront, marina and stunning skyline views in the heart of Lauderdale-by-the-Sea. Designed as a flagship corporate headquarters, this Class-A quality property features a lobby, floor-to-ceiling glass, balconies on every level, elevator service, and a refined granite and marble exterior. With just over 3000 SF per floor, the property offers flexible, non-bearing interiors for custom build-out. The third floor is zoned for office or residential use (up to two residences) with access to a rooftop deck boasting city and partial ocean views. Built with a reinforced foundation and roof to accommodate a future fourth floor, the building also includes a kitchen, multiple bathrooms, 11 private parking spaces, ground-level patio, and immediate exposure on high-traffic Commercial Boulevard—east of the bridge and steps to the beach, dining, and shops. Recently certified under Florida’s 25-year inspection, this exceptional, owner-built property combines timeless architecture, expansion potential, and an unmatched location across from a multi-million-dollar yacht marina. Ideal for a corporate headquarters, mixed-use investment, or live-work vision. Check out the virtual tour below! https://youtube.com/shorts/qn0eNOd2yz4?si=nIk3o96BLQAc8dpl
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,250 SF
Building Class
B
Year Built
1990
Price
$7,391,609 CAD
Price Per SF
$1,182.66 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,500 SF
Slab To Slab
12’
Building FAR
1.63
Lot Size
0.09 AC
Zoning
B-1 - Business-1
Parking
11 Spaces (1.76 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Signage
- Waterfront
- Roof Terrace
- High Ceilings
- Outdoor Seating
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 49-43-18-05-0170 | Improvements Assessment | $1,915,233 CAD |
| Land Assessment | $274,197 CAD | Total Assessment | $2,189,431 CAD |
Property Taxes
Parcel Number
49-43-18-05-0170
Land Assessment
$274,197 CAD
Improvements Assessment
$1,915,233 CAD
Total Assessment
$2,189,431 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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