2180 38Th StFort Lauderdale, FL 33312

Property Details for 2180 38Th St

Year built

2000

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

7,749 SF

Zone code

IROM-AA

Property type

Retail properties

Property subtype

Auto shops

APN

50-42-29-09-0240

APU

504229090240

Description

This exceptional investment opportunity presents a 7,749 square foot warehouse situated on a substantial 17,057 square foot lot in Dania Beach, Florida. Boasting a prime location directly across from Fort Lauderdale Airport and facing I-595, this property offers unparalleled accessibility and visibility. Constructed in 2000, the single-story building features four bays, equipped with four heavy-duty lifts, an auto body frame machine, and an auto paint booth. The existing business, an auto repair and painting operation, generates a substantial monthly income exceeding $60,000. The warehouse also includes a spacious office area with a separate entrance and foyer, providing both operational efficiency and a professional image. This property is ideally suited for a variety of uses, benefiting from its strategic location minutes from Downtown Fort Lauderdale and its current high-revenue generating tenant. Serious inquiries only; please schedule showings 24 hours in advance. The property is located at 2180 SW 38th St, Dania Beach, FL 33312, in Broward County.

• CAP approach

  CAP return

  Valuation

  6%

  $4,075,358

  6.5%

  $3,761,868

  7%

  $3,493,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,374,946

  Geo Method

  $8,374,946

• Alternative Use

  Use

  Valuation

  Residential

  $3,173,277

  Hospitality

  $2,906,704

  Educational

  $2,418,344

  Medical

  $2,501,514

  Retail

  $3,761,868

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.0743

Longitude

-80.1698

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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