5
  • Sq Ft
  • Area Size
1026 NW 9th Ave, Fort Lauderdale FL 33311 | Broward County | A12073635
  • $1,050,000

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.

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  • Address: 9th Ave
  • City: Fort Lauderdale
  • Zip/Postal Code: 33311

Details

Updated on August 19, 2026 at 2:43 am
  • Property ID A12073635
  • Price $1,050,000
  • Year Built 1961
  • Property Status Active, Commercial Sale

Additional details

  • Annual Tax 12565
  • Association No
  • Private Pool No
  • Waterfront No
  • Building Area 2719
  • Flood Zone AE,X
  • New Construction No
  • Lot Size (Sq Ft) 6751

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