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 ...
| Website: | https://www.nestseekers.com/5193725 |
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| Address: | Fort Lauderdale, FL 33311 |
| Ownership: | For Sale |
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| 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.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11891960
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of Fausto Commercial Realty Consultants Inc | |