This exceptional commercial property, located in the heart of Downtown Fort Lauderdale, offers a rare opportunity to lease approximately 22,000 square feet of B-1 zoned land. The property boasts 150 feet of frontage on Broward Boulevard, complete with convenient curb cut access for easy ingress and egress. Two existing office spaces are included, along with a newly renovated sales office, providing ample space for administrative functions and client interaction. The expansive lot is fully paved, gated, and features railings, ensuring security and a well-maintained environment. The B-1 zoning allows for a variety of uses, including but not limited to auto dealerships, auto repair shops, and car washes, making this an ideal location for businesses in the automotive industry. The property's prime location and versatile zoning make it a highly desirable investment. The motivated landlord is offering this exceptional property at a net-net-net (NNN) lease rate of $17,000 per month. Don't miss this chance to secure a prominent location in a thriving downtown area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$134,607
6.5%
$124,253
7%
$115,377
Comparable approach
Method
Valuation
Relative Method
$229,293
Geo Method
$229,293
Alternative Use
Use
Valuation
Residential
$104,812
Hospitality
$96,007
Educational
$79,877
Medical
$82,624
Retail
$124,253
Location Insight
City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1224
Longitude
-80.1517
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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