735 Broward BlvdFort Lauderdale, FL 33312

Property Details for 735 Broward Blvd

Year built

1964

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

308 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Other automotive properties

APN

50-42-10-20-0410

APU

504210200410

Description

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.

• 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

Property Tax & Assessments

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