511 5Th AveFort Lauderdale, FL 33301

Property Details for 511 5Th Ave

Year built

2005

Construction

CONCRETE

Property size (Sq ft)

1,780 SF

Zone code

RAC-CC

Property type

Investment properties

Property subtype

Live-work space

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.

• 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

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