511 5Th AveFort Lauderdale, FL 33301

  • Mixed-use properties
  • 1,780 SF
For Sale
$1,900,000 View listing

Property Details for 511 5Th Ave

Year built
2005
Construction
CONCRETE
Property size (Sq ft)
1,780 SF
Zone code
RAC-CC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
50-42-10-BF-0130
APU
504210BF0130

Description

Exceptional opportunity to acquire three contiguous office spaces totaling 4,540 square feet in a prime Fort Lauderdale location. This 2005-built property, situated at 511 SE 5th Ave #11, comprises three units (11, 9, and 8) with individual folio numbers, offering flexibility and potential for various business configurations. Unit 11 boasts 1,730 square feet, unit 9 offers 1,349 square feet, and unit 8 encompasses 1,461 square feet. The combined annual association fee is $5,642, broken down as $2,205 for unit 11, $1,645 for unit 9, and $1,792 for unit 8. The property features a modern design with high-end finishes, including a spacious common area with over 12-foot ceilings, a fully equipped kitchen, two bathrooms, and a high-end conference room. The building offers 24-hour security and is ideally located near downtown Fort Lauderdale, Las Olas Boulevard, and the waterfront, providing excellent visibility and accessibility. The ample space allows for more than eight individual workspaces and offers the potential for a client recreation area. This is a rare opportunity to own a substantial and well-appointed office complex in a highly desirable location. The asking price for this exceptional property is $1,900,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $529,200
    6.5%
    $488,492
    7%
    $453,600
  • Comparable approach

    Method
    Valuation
    Relative Method
    $525,848
    Geo Method
    $525,848
  • Alternative Use

    Use
    Valuation
    Residential
    $605,730
    Hospitality
    $554,846
    Educational
    $461,625
    Medical
    $477,501
    Retail
    $718,084
511 5Th Ave, Fort Lauderdale, Florida

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1164
Longitude
-80.1388
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,390
$29,120
$262,060
$291,180
-
$29,120
$262,060
$291,180

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