1408 4Th AveFort Lauderdale, FL 33304

Property Details for 1408 4Th Ave

Year built

1961

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

5,330 SF

Zone code

RM-15

Property type

Retail properties

Property subtype

Retail space

APN

49-42-34-02-0710

APU

494234020710

Description

This exceptional 5,330-square-foot freestanding retail building is ideally situated at 1408 NE 4th Ave in Fort Lauderdale, Florida, within Broward County (zip code 33304). Constructed in 1961, the property boasts ample parking, a significant advantage for both customers and employees. The building is currently entirely vacant, presenting a unique opportunity for a single tenant to occupy the entire space. With a prominent 50-foot frontage on NE 4th Ave, this location offers excellent visibility and accessibility. The high traffic volume, indicated by an Annual Average Daily Traffic (AADT) count of 17,400 vehicles, ensures substantial exposure to potential customers. This property is classified as a single-tenant retail space, making it an attractive option for businesses seeking a dedicated and independent location. The building's size and prominent location make it suitable for a variety of retail uses. The property's vacant status allows for immediate occupancy and customization to suit a tenant's specific needs. This presents a rare opportunity to establish a strong retail presence in a high-traffic area of Fort Lauderdale. The ample parking further enhances the property's appeal, ensuring convenient access for customers and staff. Serious inquiries are encouraged to explore this prime retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,329,402

  6.5%

  $2,150,217

  7%

  $1,996,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,967,963

  Geo Method

  $3,967,963

• Alternative Use

  Use

  Valuation

  Residential

  $1,813,788

  Hospitality

  $1,661,420

  Educational

  $1,382,282

  Medical

  $1,429,821

  Retail

  $2,150,217

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1444

Longitude

-80.1402

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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