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1026 NW 9th Ave Fort Lauderdale, FL 33311
2,719 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,719 sqft
Price per Sqft $386
MLS Listing ID A12073635
HOA Y/N No
Year Built 1961
Annual Tax Amount $12,565
Lot Size 6,751 Sqft
Property Sub-Type Retail
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.
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.
Location
State FL
County Broward
Area 3040
Exterior
Private Pool Yes
Others
Tax ID 494234051790
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12073635
Listed by Current Capital Realty
NEARBY SCHOOLS & PROPERTIES