• Property Type
  • Retail
  • 0.15 Sq Ft
  • Land Area
  • Array
  • Property ID
  • 1961
  • Year Built
1026 NW 9th Avenue, Fort Lauderdale, FL 33311
  • $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.

  • Address: Array
  • City: Fort Lauderdale
  • State/county: Broward
  • Zip/Postal Code: Array
  • Area: Fort Lauderdale

Details

Updated on August 27, 2026 at 1:06 am
  • Property ID Array
  • Price $1,050,000
  • Land Area 0.15 Sq Ft
  • Year Built 1961
  • Property Type Retail
  • Property Status Commercial Sale

Additional details

  • Building Area Total 2719
  • Business Type Retail
  • Community Features Shopping
  • Days On Market 1
  • Internet Automated Valuation Display YN 1
  • Lot Size Area 6751
  • MLSAreaMinor HWEA - Hollywood East (3010-3050),
  • Mobile Dim Units Feet
  • Occupant Type Tenant
  • Street Suffix Avenue
  • Tax Annual Amount 12565
  • Zoning B-1

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