1518 4Th AveFort Lauderdale, FL 33304

Property Details for 1518 4Th Ave

Property size (Sq ft)

1,933 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a three-bay retail storefront located at 1518 NE 4th Ave, Fort Lauderdale, FL 33304. The 1,933 square foot building sits on a 6,248 square foot lot and features a stucco exterior, slab foundation, and tar & gravel roof. Constructed in 1976, the property boasts a strong, stable income stream due to its fully leased bays. However, below-market rents offer immediate upside potential for savvy investors through rent increases aligned with comparable properties in the area. The property benefits from its high-traffic location in Fort Lauderdale, ensuring excellent visibility and accessibility for tenants. Zoned CB, this versatile property is suitable for a variety of retail uses, providing flexibility and appeal to a wide range of potential tenants. The long-term ownership history (over 30 years) speaks to the property's well-maintained condition and enduring appeal. This prime retail space represents a compelling blend of immediate cash flow and significant long-term growth potential in a thriving Fort Lauderdale market. The APN is 49-42-34-01-8010. This is a truly exceptional opportunity for investors seeking a stable, income-producing asset with significant upside potential. The asking price is $650,000.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1467

Longitude

-80.1408

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