2001 21St AveFort Lauderdale, FL 33311

This exceptional two-story, 4,329 square foot retail building in Fort Lauderdale, FL (33311), presents a compelling value-add investment opportunity. Located on a 11,136 square foot lot, the property boasts five units currently operating at 100% occupancy, generating a strong pro-forma NOI of $82,943 and a 7.20% pro-forma cap rate. The building, constructed in 1984, comprises a mix of retail spaces, including a convenience store with food service, a barbershop, and a tattoo shop/printer on the ground floor. Upstairs, two mixed-use apartments provide additional income streams. The property benefits from a prime location with high visibility and consistent foot traffic, offering significant potential for future growth. The flexible zoning allows for diverse uses, making it an ideal investment for those seeking to capitalize on the area's development. The asking price is $1,150,000, translating to $265.65 per square foot. This is a gross lease property with a current lease term of zero years, presenting an opportunity for immediate repositioning and lease renegotiation. The property's Class C designation and multi-tenant structure further enhance its investment appeal. The building features one structure with two stories and is situated in Broward County. The APN is 494229041460.