702 6Th AveFort Lauderdale, FL 33311

Property Details for 702 6Th Ave

Year built

1956

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

3,252 SF

Zone code

I

Property type

Warehouses

APN

49-42-34-06-9630

APU

494234069630

Description

This exceptional special-purpose property at 702 NW 6th Avenue, Fort Lauderdale, FL 33311, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The building, situated on a lot with no recorded square footage, features approximately 900 square feet of climate-controlled office and warehouse space. A key advantage is the inclusion of an additional 800 square feet of secure, covered outdoor storage, providing ample space for inventory or equipment. The single-tenant building boasts one private bathroom, enhancing convenience and privacy. The office area has recently undergone renovations, including fresh paint and the installation of energy-efficient LED lighting. Its strategic location offers easy access to downtown Fort Lauderdale, as well as major transportation arteries like US1 and I-95, ensuring seamless commutes and efficient logistics. The property is zoned I and has an APN of 494234069630. This turnkey solution combines modern amenities with a highly desirable location, making it an attractive opportunity for businesses seeking a functional and well-maintained space. The property is a single-suite building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,135,270

  6.5%

  $1,971,020

  7%

  $1,830,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,537,130

  Geo Method

  $1,537,130

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,014,700

  Mixed-Use / Specialty

  $1,014,220

  Hospitality / Lodging

  $748,176

  Office

  $1,011,450

  Institutional / Educational

  $1,055,500

  Residential Income

  $1,234,930

  Multifamily

  $1,463,750

  Automotive / Energy

  $904,711

  Parking / Income-Based Land

  $309,111

  Restaurant / Food Service

  $534,185

  Healthcare / Senior Housing

  $1,036,850

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1315

Longitude

-80.1495

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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