2646 4Th StFort Lauderdale, FL 33311

Property Details for 2646 4Th St

Year built

1969

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

3,659 SF

Zone code

M-2

Property type

Warehouses

APN

50-42-05-32-0130

APU

504205320130

Description

This exceptional investment opportunity presents a 3,659 square foot industrial property located at 2646 Northwest 4th Street, Fort Lauderdale, Florida, 33311. The property boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $58,244 annually. Currently operating at 100% occupancy, the building comprises three individual units, each featuring approximately 1,219 square feet. Each unit is separately metered for electricity and includes a small office space, restroom, and a rear overhead door, providing flexibility and convenience for tenants. Situated on a 6,309 square foot lot, the single-story building is strategically positioned just west of I-95, off Broward Boulevard, offering unparalleled access to major transportation arteries, including airports and downtown Fort Lauderdale. The asking price is $970,000, translating to $265 per square foot. This property represents a compelling investment opportunity in a high-demand market, offering a stable income stream and significant potential for future appreciation. The property's excellent location and well-maintained condition make it an attractive option for both seasoned investors and those seeking to diversify their portfolio. Detailed financial information is available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $1,245,150

  Hospitality

  $1,140,551

  Educational

  $948,925

  Medical

  $981,560

  Retail

  $1,476,106

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1251

Longitude

-80.1774

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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