790 1St StFort Lauderdale, FL 33311

Property Details for 790 1St St

Year built

1978

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

2,145 SF

Zone code

B-3

Property type

Auto shops

APN

50-42-10-20-0380

APU

504210200380

Description

This exceptional 10,000 square foot auto sales lot, located at 790 NW 1st St in downtown Fort Lauderdale, Florida (zip code 33311), presents a fantastic opportunity for car dealerships or related businesses. The property boasts a prime location in a heavily trafficked area, ensuring high visibility and potential customer reach. The lot is fully paved, fenced, and secure, providing a safe and controlled environment for vehicles. Ample parking is available, with space for up to 40 cars or trucks. A sales office is included within the property's footprint. The property is a single-tenant retail space specifically suited for auto sales, car lots, or similar automotive businesses. The asking rent is $8,000 NNN. The landlord is motivated to secure a suitable tenant and is open to rent improvement negotiations. This is a rare opportunity to acquire a well-situated and fully equipped auto sales lot in a thriving downtown location. The property's features, combined with its strategic location, make it an ideal investment for businesses seeking to establish or expand their operations in the Fort Lauderdale market. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $937,442

  6.5%

  $865,331

  7%

  $803,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,596,863

  Geo Method

  $1,596,863

• Alternative Use

  Use

  Valuation

  Residential

  $729,939

  Hospitality

  $668,620

  Educational

  $556,284

  Medical

  $575,416

  Retail

  $865,331

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1228

Longitude

-80.1517

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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