1026-1030 NW 9th Ave - Freestanding FOR SALE


Fort Lauderdale, FL 33311- South Middle River
$1,050,000 USD
954-743-7594
1026-1030 NW 9th Ave, Fort Lauderdale, FL for Sale
$1,050,000 USD
Freestanding - FOR SALE
1/18
null | 7.66% Cap Rate

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


HIGHLIGHTS

  • Fully Occupied Retail Asset: Three established tenants provide immediate and stable cash flow.
  • Strong In-Place Returns: Generating approximately $80,459 in NOI with a going-in cap rate near 8%
  • Built-In Rental Growth: Annual rent increases support continued income expansion.
  • Value-Add Opportunity: Potential to increase returns through conversion to a NNN lease structure.
  • High-Traffic Commercial Corridor: Excellent visibility with approximately 31,500 vehicles passing daily.
  • Recent Property Improvements: New roof and 10 dedicated parking spaces support long-term operations.**

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 approximately 31,500 vehicles per day. The property features 10 dedicated parking spaces and a new roof that ensures long-term reliability. It is currently occupied by three tenants—a nail salon, a restaurant, and a beauty supply store—on month-to-month leases, generating an NOI of 80,459 and offering a turnkey investment with a going-in cap rate of almost 8% from day one of ownership. The leases include annual rent increases, providing amazing and stable income. With a pro forma GOI of $106,944, it presents an attractive opportunity to convert to a NNN lease structure to capture additional upside!

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

7.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,873 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.