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Key Details
Property Type Commercial Sale
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,849 sqft
Price per Sqft $335
MLS Listing ID A11969103
Year Built 1985
Annual Tax Amount $33,295
Lot Size 7,074 Sqft
Property Sub-Type Retail
Property Description
A rare opportunity to acquire a fully occupied retail/office flex property along one of Fort Lauderdale's most prominent commercial corridors. Strategically positioned on US-1, the asset benefits from strong daily traffic counts, affluent surrounding demographics, and continued residential and mixed-use growth along the Federal Highway corridor. The property serves established neighborhoods including Coral Ridge, Imperial Point, and Coral Ridge Country Club Estates, providing a dense, high-income consumer base that supports sustained retail demand. Zoned B-1 (Community Business District), the site allows for a wide range of retail, office, medical, and service-oriented uses. With stable in-place income and projected upside to a pro forma NOI of $170,000, the property offers both immediate cash flow and long-term growth potential.
Location
State FL
County Broward
Area 3630
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Bought with APEX Capital Realty LLC
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