1026 NW 9th Ave, Fort Lauderdale FL 33311 | Broward County | A12073635
- $1,050,000
- $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.
Have a question about this Fort Lauderdale listing?
Talk directly with Christopher Lazaro, your Fort Lauderdale real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
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
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees