601-609 27Th AveFort Lauderdale, FL 33311

Property Details for 601-609 27Th Ave

Year built

1956

Construction

CONCRETE

Lot size

0.56 AC

Property size (Sq ft)

2,207 SF

Zone code

B-3

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

50-42-05-06-0790

APU

504205060790

Description

This exceptional 24,183 square foot vacant commercial property, located at 601-609 NW 27th Avenue in Fort Lauderdale, Florida (zip code 33311), presents a compelling redevelopment opportunity. Priced at $2,000,000 ($82.70/sq ft), this mixed-use land offers significant potential for various commercial ventures. The property boasts a highly desirable corner lot location in a high-traffic area, ensuring excellent visibility and accessibility for any business. Its versatile zoning allows for a multitude of uses, including auto shop, convenience store, and restaurant, making it an ideal investment for entrepreneurs seeking a prime location in Fort Lauderdale's thriving economy. The property consists of four lots, totaling 24,183 square feet, and is currently vacant, providing a blank canvas for a new development. This presents a unique chance to capitalize on Fort Lauderdale's continuous growth and create a profitable commercial enterprise. The property is offered as a NNN lease type investment. While the listing focuses on one parcel, please inquire about pricing for individual or combined lot purchases. Information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $813,624

  6.5%

  $751,038

  7%

  $697,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,010,588

  Geo Method

  $1,010,588

• Alternative Use

  Use

  Valuation

  Residential

  $751,038

  Hospitality

  $687,946

  Educational

  $572,363

  Medical

  $592,048

  Retail

  $890,343

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1293

Longitude

-80.1785

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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