511 5Th AveFort Lauderdale, FL 33301
- Mixed-use properties
- 1,780 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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