705 8Th Ave Fort Lauderdale, FL 33311

This exceptional investment opportunity presents two adjacent warehouses totaling 14,500 square feet situated on a combined 22,031 square foot lot in Fort Lauderdale's thriving Progresso neighborhood. Located at 705 and 709 NW 8th Ave, these properties benefit from a central location, minutes from Las Olas, Downtown Fort Lauderdale, and Flagler Village. The buildings, zoned I, comprise two structures: a 9,500 square foot warehouse (705 NW 8th Ave) divided into five bays and currently occupied by three tenants, and a 5,000 square foot warehouse (709 NW 8th Ave) featuring an open layout with two dock-high doors and a single tenant. Both buildings boast 12-foot ceilings and a total of eight dock-high doors. Currently operating under a gross lease structure with four tenants, the property offers a strong net operating income (NOI) of $211,300, resulting in a 5.09% cap rate. The existing leases have less than two years remaining, providing significant flexibility for a new owner to reposition the asset to maximize returns. This presents a compelling opportunity for investors, owner-users, or those seeking a blend of occupancy and rental income in a high-demand Fort Lauderdale market. The asking price is $4,150,000.