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2605 N Andrews Ave, Wilton Manors FL 33311

Wilton Manors, FL 33311

$4,900,000

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Price
$4,900,000
Building size
6,342
Property type
Retail
Year built
1941
Lot size (sq ft)
57,209
MLS number
A12104050

This listing is courtesy of APEX Capital Realty LLC, 305-570-2600.

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About this property

Rare opportunity to acquire a strategically located development site in the heart of Wilton Manors, directly on highly trafficked North Andrews Avenue, one of Broward County's major north-south commercial corridors. The 1.31-acre (57,209 SF) site is improved with a freestanding coin laundry in the front and a separate office building in the rear (6,342 SF total). The sale includes the existing coin laundry operation, upgraded with all-new commercial washers and dryers and generating approximately $12,000 per month in net income, providing immediate cash flow while preparing the property for future redevelopment. A purchaser may continue operating the coin laundry, lease the operation to a third-party operator, or ultimately redevelop the site. Zoned B-2 with TOC-W future land use and by-right development potential for up to 79 residential units, ideal for multifamily or mixed-use development. Prime frontage minutes from Wilton Drive, Flagler Village and Downtown Fort Lauderdale. A compelling combination of existing income, future development potential, and flexibility.

Details

Property type
Retail
Year built
1941
Lot size (sq ft)
57,209

Location

Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.

Newmar Brokerage, LLC

2605 N Andrews Ave, Wilton Manors FL 33311 | Newmar Brokerage, LLC