4820 N FEDERAL Lighthouse Point, FL Value-add redevelopment opportunity on 1.14± acres with prime Federal Hwy frontage in Lighthouse Point. Existing NNN lease provides passive income while positioning for future redevelopment. Tenant`s renewal option runs through June 2032. If not exercised, the property offers immediate occupancy while redevelopment plans move through the Town`s review process. The highest and best use may be vertical redevelopment. The Town has shown a willingness to consider quality proposals, and the surrounding demographics make senior housing, assisted living, medical office, or outpatient healthcare compelling concepts. The property`s most inclusive zoning classification provides flexibility for a wide variety of commercial uses. Potential assemblage opportunity nearing properties for sale.