3114 Sunrise BlvdFort Lauderdale, FL 33304

This exceptional mixed-use property in Fort Lauderdale, Florida, presents a compelling investment opportunity. Located at 3114 E Sunrise Blvd, this 7,883 square foot building sits on a 4,041 square foot lot, boasting a prime corner location steps from the beach. The property enjoys excellent visibility and accessibility, with an average daily traffic count of 40,000 vehicles on E Sunrise Blvd. The building comprises three ground-floor commercial units and four second-floor residential units, currently operating at 100% occupancy, generating a strong and stable cash flow. The current Net Operating Income (NOI) is $216,858, yielding a 5.42% cap rate. Multiple below-market leases offer significant upside potential, further enhanced by annual rent increases of 3-5% in all commercial leases. The property benefits from a dense population base, with over 210,000 residents within a 5-mile radius and an average household income exceeding $160,000 within a 1-mile radius. Zoned SLA (Sunrise Lane District), the property allows for a wide range of commercial uses and redevelopment possibilities. Its location in the heart of Fort Lauderdale, minutes from Fort Lauderdale Beach, The Galleria Mall, and other attractions, ensures high traffic and visibility. Ocean views and proximity to hotels, restaurants, and shops further enhance its appeal. This offering provides investors or developers with a rare chance to acquire a high-value asset in a desirable, high-barrier-to-entry market. The asking price is $4,000,000, with a price per square foot of $507.42.