1515 26Th StWilton Manors, FL 33305

Property Details for 1515 26Th St

Year built

1959

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

3,936 SF

Zone code

TOC EAST

Property type

Office properties

Property subtype

Office buildings

APN

49-42-26-17-0100

APU

494226170100

Description

This meticulously renovated 3,936 square foot office building presents a rare opportunity for owner-occupancy or investment in the vibrant Wilton Manors, Florida market. Located at 1515 NE 26th Street, 33305, this single-unit property boasts a contemporary design completed in 2022, seamlessly blending modern aesthetics with classic charm. The building offers ample on-site parking, a significant advantage in this desirable area. Its strategic location provides strong signage visibility along NE 16th Street, a thoroughfare with a high volume of daily traffic (24,500 vehicles per day). Zoned TOC-E, this property is ideally suited for a variety of professional services and offers significant potential for future development. The asking price is $1,950,000. Built in 1959, this building represents a unique blend of historical character and modern functionality, making it an exceptional investment opportunity in a sought-after location. The property's versatile space and prime location make it an attractive prospect for both established businesses and forward-thinking investors seeking a foothold in Wilton Manors' thriving commercial landscape. This is a chance to acquire a well-appointed and strategically positioned commercial property in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,170,186

  6.5%

  $1,080,172

  7%

  $1,003,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,162,773

  Geo Method

  $1,162,773

• Alternative Use

  Use

  Valuation

  Residential

  $1,339,413

  Hospitality

  $1,226,895

  Educational

  $1,020,762

  Medical

  $1,055,868

  Retail

  $1,587,852

Location Insight

City

Wilton Manors

County

Broward

State

Florida

Latitude

26.16

Longitude

-80.1273

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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