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
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Address: Array
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City: Fort Lauderdale
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State/county: Broward
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Zip/Postal Code: Array
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Area: Fort Lauderdale
Details
Updated on August 27, 2026 at 1:06 am-
Property ID Array
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Price $1,050,000
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Land Area 0.15 Sq Ft
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Year Built 1961
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Property Type Retail
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Property Status Commercial Sale
Additional details
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Building Area Total 2719
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Business Type Retail
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Community Features Shopping
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Days On Market 1
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Internet Automated Valuation Display YN 1
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Lot Size Area 6751
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MLSAreaMinor HWEA - Hollywood East (3010-3050),
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Mobile Dim Units Feet
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Occupant Type Tenant
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Street Suffix Avenue
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Tax Annual Amount 12565
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Zoning B-1
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