1026-1030 NW 9th Ave - Freestanding FOR SALE


Fort Lauderdale, FL 33311- South Middle River
$1,050,000 USD
781-367-1454
1026-1030 NW 9th Ave, Fort Lauderdale, FL for Sale
$1,050,000 USD
Freestanding - FOR SALE
1/15
null | 7% Cap Rate

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


OVERVIEW

Strip Retail Plaza for sale in Fort Lauderdale's 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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

7%

% 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

Caio MartinCurrent Capital Real Estate GroupMore Info
781-367-1454

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

Caio MartinCurrent Capital Real Estate GroupMore Info
781-367-1454

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