973 27Th AveFort Lauderdale, FL 33311

Property Details for 973 27Th Ave

Year built

1998

Construction

CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

2,083 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

50-42-05-04-0020

APU

504205040020

Description

This exceptional business opportunity presents the chance to acquire a well-established wings and Chinese takeout restaurant in a prime Fort Lauderdale location. Situated at the intersection of Sunrise Blvd & NW 27th Ave, this thriving business benefits from high pedestrian traffic due to its proximity to residential areas and public schools. The property, built in 1998, boasts a newly renovated exterior with a trendy façade and landscaping, enhancing its curb appeal and attracting customers. The restaurant has cultivated a strong and loyal customer base over the years, ensuring a solid foundation for continued success. The current owner is willing to provide training, facilitating a smooth transition for the new owner. This turnkey operation is priced competitively, reflecting the motivated seller's desire for a quick sale. The lot size is not specified. This is a rare opportunity to own a profitable, established business in a desirable Fort Lauderdale neighborhood. The asking price for this retail business is $165,000. Don't miss out on this chance to own a piece of Fort Lauderdale's thriving culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $910,346

  6.5%

  $840,319

  7%

  $780,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,550,707

  Geo Method

  $1,550,707

• Alternative Use

  Use

  Valuation

  Residential

  $708,841

  Hospitality

  $649,294

  Educational

  $540,205

  Medical

  $558,784

  Retail

  $840,319

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1361

Longitude

-80.1788

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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