1026 NW 9th Ave,Fort Lauderdale, FL 33311
Fort Lauderdale, FL 33311
Description
Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,719 SF freestanding retail property offers strong exposure along a high-traffic corridor carrying an estimated 31,500 vehicles per day. The property is fully occupied by three tenants a nail salon, a restaurant, and a beauty supply store operating on month-to-month leases with built-in annual rent increases, delivering stable and growing income from day one of ownership. The asset generates a net operating income of $73,543.00, reflecting a going-in cap rate of 7.0%. The site also sits within a designated Opportunity Zone, and recent capital improvements including a new roof and 10 dedicated on-site parking spaces support long-term operational reliability and reduce near-term capital expenditure risk for a new owner.
Details
| MLS # | A12073635 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 21 |
| Listing Provided By | Current Capital Realty | Caio Martin |
Features
| SQ Feet | 2,719 |
|---|---|
| Zoning | B-1 |
| Acreage | 6751.00 |
Taxes
| Tax Annual Amount | 12565 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3040 |
| Listing VS Median (in 33311) | |
Price: $1,050,000 low | high Med: $219,950 sqft: 2,719 low | high Med: 915 $ / sqft: $386 low | high Med: $242 On site: 21 low | high Med: 65 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3040 |
| Listing VS Median (in 33311) | |
Price: $1,050,000 low | high Med: $219,950 sqft: 2,719 low | high Med: 915 $ / sqft: $386 low | high Med: $242 On site: 21 low | high Med: 65 | |
 | $1,050,0001026 Nw 9th AveFort Lauderdale, FL 33311 |