1142 4Th AveFort Lauderdale, FL 33304

Property Details for 1142 4Th Ave

Year built

1967

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

7,572 SF

Zone code

CB

Property type

Retail residential properties

APN

49-42-34-04-0680

APU

494234040680

Description

This exceptional two-story, 4,938-square-foot creative office building, constructed in 1967, is ideally situated in Fort Lauderdale, Broward County, at 1142 NE 4th Avenue, zip code 33304. The property offers multiple suites, with a minimum divisible space of 1,152 square feet and a maximum contiguous space of 4,938 square feet. Currently, all 4,938 square feet are vacant and available for lease. The building comprises three total suites. The ground floor presents flexible retail/showroom space, currently combined but easily subdividable to suit tenant needs. This space benefits from an open floor plan, abundant natural light, convenient customer parking at the front, and rear loading access. The property's central location places it just north of Flagler Village and south of Wilton Manors, within the desirable Studio City/13th Street corridor. This presents a unique opportunity for businesses seeking a vibrant and accessible location in a thriving area. The building's layout and features make it suitable for a variety of creative office uses. One available unit, Unit C, offers 1,416 square feet at a rate of $28.75 per square foot, NNN ($5.50 per square foot).

• CAP approach

  CAP return

  Valuation

  6%

  $2,791,464

  6.5%

  $2,576,736

  7%

  $2,392,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,467,226

  Geo Method

  $3,467,226

• Alternative Use

  Use

  Valuation

  Residential

  $2,576,736

  Hospitality

  $2,360,277

  Educational

  $1,963,722

  Medical

  $2,031,258

  Retail

  $3,054,680

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1403

Longitude

-80.1402

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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