700 Andrews AveFort Lauderdale, FL 33311

Property Details for 700 Andrews Ave

Year built

1967

Construction

CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

4,910 SF

Zone code

RAC-CC

Property type

Office properties

Property subtype

Office buildings

APN

50-42-10-65-0010

APU

504210650010

Description

This exceptional freestanding retail building, totaling 5,850 square feet, presents a unique opportunity in Fort Lauderdale's desirable Progresso neighborhood. Situated on a prominent corner lot in Broward County, this property offers unparalleled visibility and accessibility. The building is currently available for lease as a whole (5,850 sq ft) or can be subdivided into two smaller spaces: 3,850 sq ft and 2,000 sq ft. The vibrant Progresso area is experiencing significant growth, boasting a thriving mix of restaurants, boutiques, breweries, coffee shops, and parks. This dynamic neighborhood is undergoing a transformation, fueled by the redevelopment of Searstown and surrounding areas, which are adding thousands of new apartment units in high-rise buildings. The property's 13,720 square foot lot provides ample space and potential for expansion or outdoor seating. The owner is willing to work with a restaurant user to create a build-to-suit space tailored to their specific needs, making this an ideal location for a new or expanding restaurant concept. This is a rare opportunity to establish a presence in a rapidly developing and highly sought-after area of Fort Lauderdale. The property's location and flexibility make it an attractive investment for discerning restaurant operators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,607,524

  6.5%

  $1,483,868

  7%

  $1,377,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,710,090

  Geo Method

  $1,710,090

• Alternative Use

  Use

  Valuation

  Residential

  $1,839,997

  Hospitality

  $1,685,427

  Educational

  $1,402,256

  Medical

  $1,450,481

  Retail

  $2,181,286

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1128

Longitude

-80.1429

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].