Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33311
- Street:
- 1026 Nw 9th Ave, Fort Lauderdale, Florida 33311
- Longitude:
- W81° 50' 46.4''
- Latitude:
- N26° 8' 15.9''
- Building Area:
- 2,700 Sqft
- Cumulative DOM:
- 83
- DOM:
- 127
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 494234051790
- Structure Type:
- Retail
- Tax Annual Amount:
- $8,921
- Tax Year:
- 2024
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1026 Nw 9th Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,150,000
- Year Built :
- 1961
- Lot Area :
- 6,751 Sqft
- MLS # :
- A11891960
- Property Sub Type :
- Retail
