2510 NW 19th St - Freestanding FOR SALE


Fort Lauderdale, FL 33311- Lauderhill
$689,000 USD
954-324-7199
2510 NW 19th St, Fort Lauderdale, FL for Sale
$689,000 USD
Freestanding - FOR SALE
1/3
null | 8.25% Cap Rate

NEW


2510 NW 19th St
Fort Lauderdale, FL 33311
Lauderhill


HIGHLIGHTS

  • Opportunity Zone retail investment on busy 19th St, minutes from downtown Fort Lauderdale and I-95.
  • Fully occupied 4-unit strip with upside, month-to-month tenants and pro forma income growth potential.
  • Strong value-add under $1M, current NOI $36,891 with projected GOI of $72,000 and re-development potential.

OVERVIEW

4 unit retail strip on busy 19th St corridor, just minutes from downtown Fort Lauderdale and I-95. This area is ripe for re-development and in a qualified opportunity zone. Fully occupied with long term tenants, but most tenants are month to month with opportunity to increase: Print shop, Barber, Smoke Shop and Hair Braiding (formerly Tattoo).  2323 sq ft. with 8 parking spots. Current NOI of $36,891 at a 5.35% Cap Rate but Pro forma GOI of $72,000 with an 8.25% Cap Rate.  This asset delivers stable cash flow with upside through rent escalations and potential NNN conversion.  Unusual find for a free standing 4 unit retail strip under $1M.

FOR SALE DETAILS

PRICE

$689,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CB

APN/PARCEL ID

49-42-32-12-0490

ASK ABOUT THIS PROPERTY

Joe FriedmanRed Rocket HoldingsMore Info
954-324-7199

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Joe FriedmanRed Rocket HoldingsMore Info
954-324-7199

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