702-706 NE 1st Ave - Restaurant FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$4,000,000 USD
954-820-7455
702-706 NE 1st Ave, Fort Lauderdale, FL for Sale
$4,000,000 USD
Restaurant - FOR SALE
1/34
null | Request Cap Rate

702-706 NE 1st Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • Prime Location in Flagler Village • Situated in one of Fort Lauderdale’s fastest growing neighborhoods • Just ¼ mile from FAT Village
  • Full Built-Out Restaurant Space • Turnkey condition w/ complete restaurant buildout in place • Ideal for immediate occupancy by owner-user or investor
  • High Barrier-to-Entry Market • Limited retail acquisition opportunities in Fort Lauderdale’s urban core • Strong potential for long-term rent growth
  • Strong Demographics & Foot Traffic • Over 150,000 residents within a 3-mile radius • Average household income exceeds $109,000
  • Excellent Accessibility & Exposure • Convenient access to I-95 and N Andrews Avenue (20,900 VPD) • Walking distance to residential, retail and offices

OVERVIEW

Franklin Street is pleased to present 702–706 NE 1st Avenue, an 8,864-square-foot two-story retail building in the heart of Fort Lauderdale’s Flagler Village. The first floor spans 6,382 square feet and is fully built out as a restaurant and bar space, with the flexibility to be divided into two units of approximately 3,255 and 3,127 square feet. The second floor offers 2,482 square feet of newly renovated office space with clean, modern finishes, providing a functional and attractive environment for a variety of users. This layout makes the property ideal for an owner-user or as a value-add investment through lease-up at market rates. Located steps from major redevelopment projects, including Hines’ 835,000-square-foot FAT Village and the Searstown Redevelopment, the site offers unmatched access to one of South Florida’s fastest-growing corridors. It is within walking distance of the Brightline station and near I-95 and N Andrews Avenue. Surrounded by over 150,000 residents within three miles with average household incomes above $109,000, the property offers strong long-term rent growth potential in a high-barrier-to-entry market.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$451 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Flagler Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RAC-UV

APN/PARCEL ID

49-42-34-07-1560

ASK ABOUT THIS PROPERTY

Dylan MorseFranklin StreetMore Info
954-820-7455

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

Dylan MorseFranklin StreetMore Info
954-820-7455

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