790 1St StFort Lauderdale, FL 33311

  • Retail properties
  • 2,145 SF
For Lease
$12/SF/YR View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
790 1St St, Fort Lauderdale, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,213
$525,000
$632,420
$1,157,420
-
$525,000
$632,420
$1,157,420

FAQs

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