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.
- 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''
- 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
- 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 :
- $1,050,000
- Year Built :
- 1961
- Lot Area :
- 6,751 Sqft
- MLS # :
- A12073635
- Property Sub Type :
- Retail
