717 Broward BlvdFort Lauderdale, FL 33301

Property Details for 717 Broward Blvd

Year built

1955

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

4,740 SF

Zone code

CB

Property type

Retail space

APN

50-42-02-05-0510

APU

504202050510

Description

This exceptional commercial property, situated at 717-723 East Broward Boulevard in Fort Lauderdale's Central Business District, presents a unique investment opportunity. The two-building complex, constructed in 1976, offers a combined 4,740 square feet of retail and office space, with 5,424 square feet currently vacant. Two available suites measure 1,057 and 1,058 square feet respectively. The property boasts a highly desirable location, benefiting from significant frontage on Broward Boulevard and excellent visibility at a signalized intersection with SE 8th Avenue, including a dedicated turn lane. Ample parking is provided at a generous ratio of 8 spaces per 1,000 square feet. The property's Community Business (CB) zoning allows for diverse commercial uses. Its proximity to popular establishments like The Wilder and The Katherine, along with the upscale dining and shopping of Las Olas Boulevard, ensures high foot traffic and strong tenant appeal. Building features include floor-to-ceiling hurricane impact windows and excellent walkability. The property operates under a modified gross lease, with water included and tenants responsible for trash, electricity, their proportionate share of taxes, and insurance increases above the base year. The property sits on a 6-acre lot and has an APN of 5042 02 05 0490. This is an ideal opportunity to acquire a well-positioned commercial property in a thriving downtown Fort Lauderdale location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,071,550

  6.5%

  $1,912,200

  7%

  $1,775,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,528,733

  Geo Method

  $3,528,733

• Alternative Use

  Use

  Valuation

  Residential

  $1,613,012

  Hospitality

  $1,477,511

  Educational

  $1,229,272

  Medical

  $1,271,548

  Retail

  $1,912,200

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1228

Longitude

-80.1355

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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