Property 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.

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' 15.6''
MLS Addon
Building Area:
2,719 Sqft
Cumulative DOM:
255
DOM:
1
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
494234051790
Structure Type:
Retail
Tax Annual Amount:
$12,565
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Commercial Sale For Sale

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

6,751 Sqft
$1,050,000
MLS # #A12073635
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$1,050,000
Year Built :
1961
Lot Area :
6,751 Sqft
MLS # :
A12073635
Property Sub Type :
Retail
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