Property Description

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.

Address Map
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''
MLS Addon
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
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Commercial Sale For Sale

1026 Nw 9th Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311

6,751 Sqft
$1,150,000
MLS # #A11891960
Basic Details
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
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