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.

Full description online — scan the code for the complete listing.

Property information

Property type

Commercial Sale

Sub-type

Retail

Year built

1961

Living area

2,719 Sq Ft

Lot size

6,751 Sq Ft

Annual taxes

$12,565

Price / Sq Ft

$386

Days on market

56

Parcel number

494234051790