1026 NW 9th Ave, Fort Lauderdale FL 33311
Fort Lauderdale, FL 33311
$1,050,000
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- Price
- $1,050,000
- Building size
- 2,700
- Property type
- Retail
- Year built
- 1961
- Lot size (sq ft)
- 6,751
- MLS number
- A12029539
This listing is courtesy of Fausto Commercial Realty Consultants Inc, 954-743-7594.
About this property
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.
Details
- Property type
- Retail
- Year built
- 1961
- Lot size (sq ft)
- 6,751
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC