1227 Andrews AveFort Lauderdale, FL 33316

Property Details for 1227 Andrews Ave

Year built

1958

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

796 SF

Zone code

SRAC-SAE

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

50-42-15-10-0180

APU

504215100180

Description

This exceptional mixed-use property, located at 1227 South Andrews Avenue in Fort Lauderdale, Florida (zip code 33316), presents a compelling investment opportunity. The 2,491 square foot building currently boasts a tenant in place with a lease expiring in July 2026. Its strategic location within Fort Lauderdale's vibrant business district ensures exceptional visibility and easy access to downtown amenities, major highways, and corporate offices. The property's SRAC-SAE zoning designation unlocks significant development potential. This zoning allows for a diverse range of commercial uses, including retail, office, hospitality, and mixed-use projects. Specifically, the site permits the construction of either a seven-unit residential building or a 20,000 square foot commercial building, offering considerable flexibility for future development. The current asking price is $1,090,000, representing a 4.5% capitalization rate. Detailed lease information and financial statements are available upon request. Don't miss this chance to acquire a prime asset in a thriving Florida market.

• CAP approach

  CAP return

  Valuation

  6%

  $353,132

  6.5%

  $325,968

  7%

  $302,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,152

  Geo Method

  $529,152

• Alternative Use

  Use

  Valuation

  Residential

  $325,968

  Hospitality

  $298,585

  Educational

  $248,419

  Medical

  $256,963

  Retail

  $386,430

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1066

Longitude

-80.1433

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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