1026 NW 9th Ave, Fort Lauderdale FL 33311

Description

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.

This retail home located at 1026 NW 9th Ave, Fort Lauderdale FL 33311 is currently for sale and has been available on Brickellsold for 58 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1961. 1026 NW 9th Ave, Fort Lauderdale FL 33311 is in Fort Lauderdale county Broward County.