1026 Nw 9th Ave, Fort Lauderdale, FL 33311
- $1,050,000
- List Price
- $1,050,000
- MLS#
- A12073635
- Status
- ACTIVE
- Type
- Commercial
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.
Additional Information
- Days on Market
- 62
- Tax Amount
- $12,565
- Parcel Number
- 494234051790
- Lot Size
- 6,751
- Address
- 1026 Nw 9th Ave, Fort Lauderdale
- Year Built
- 1961
- Section
- 34
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Listing Courtesy of Current Capital Realty, Contact: