Property
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
Financials
Price:$1,150,000
Annual Taxes:$8,921
Listing Courtesy of Fausto Commercial Realty Consultants Inc
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 ...
Description
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 roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11891960
Neighborhood
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
