1026-1030 NW 9th Ave - Freestanding FOR SALE


Fort Lauderdale, FL 33311- South Middle River
$1,200,000 USD
954-743-7594
1026-1030 NW 9th Ave, Fort Lauderdale, FL for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/16
null | 6.48% Cap Rate

1026-1030 NW 9th Ave
Fort Lauderdale, FL 33311
South Middle River


HIGHLIGHTS

  • Prime Location: In Progresso Village / South Middle River, minutes from Downtown and I-95, with exposure to about 31,500 cars daily.
  • Fully Leased: Occupied by three tenants—a nail salon, restaurant, and beauty supply store—providing steady income.
  • Strong Returns: Generates an NOI of $80,459.09 with a 6.5% cap rate from day one.
  • Value-Add Potential: Pro forma income of $106,944 with room to shift to NNN leases for higher returns.
  • Income Growth: Rent increases this December and January 2026 provide immediate and steady revenue growth.

OVERVIEW

Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shops at South Middle River

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B-1

APN/PARCEL ID

49-42-34-05-1790

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.