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 ...


Property

Website:https://www.nestseekers.com/5193725
Address:
Fort Lauderdale, FL 33311
Ownership: For Sale
Type: Retail

Financials

Price:$1,075,000
Annual Taxes:$8,921

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—two restaurants and a beauty supply store—it generates an NOI of $75,845.67. 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 $105,828.00, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Fausto Commercial Realty Consultants Inc