1126 31St AveFort Lauderdale, FL 33311

Property Details for 1126 31St Ave

Year built

1971

Property type

Office properties

Description

This exceptional two-story commercial building, located at 1126 NW 31st Avenue in Fort Lauderdale, Florida, presents a rare investment opportunity. Spanning over 6,400 square feet on a lot exceeding a quarter-acre, this property boasts a prime location directly across from the historic Swap Shop. The building, constructed in 1971, has undergone extensive renovations, including complete updates to the electrical system, plumbing, and air conditioning units. All work was completed with permits and includes hurricane impact windows and doors. The building's layout comprises four large, ground-floor business suites, each featuring a private restroom and separate electric meter. The entire upper floor consists of a single, expansive unit subdivided into seven suites, a full kitchen, and four updated bathrooms. This configuration offers significant rental income potential, estimated to exceed $10,000-$14,000 per month. The property's versatility makes it ideal for a variety of uses, including schools or churches. The building has successfully completed its 40-year certification. The current zoning is B-3; however, buyers are advised to verify zoning with the city of Fort Lauderdale. The asking price for this remarkable property is $1,200,000. This is a five-unit building.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.139

Longitude

-80.1863

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