235 Commercial BlvdFort Lauderdale, FL 33308

Property Details for 235 Commercial Blvd

Year built

1960

Construction

CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

2,485 SF

Zone code

B-1

Property type

Retail residential properties

APN

49-43-18-07-0430

APU

494318070430

Description

This exceptional investment opportunity presents a fully equipped, established barbershop located at 235 E Commercial Blvd, Lauderdale-by-the-Sea, Florida, 33308. Built in 1960, this storefront property is priced at $85,000 and boasts a spacious layout with multiple barber stations, ready for immediate operation. The business benefits from an existing clientele and significant potential for growth within the thriving Broward County market. The turnkey nature of this offering eliminates the need for extensive setup and allows for immediate revenue generation. The current low monthly rent of $2270 further enhances the profitability of this venture. This is an ideal acquisition for investors seeking a stable, income-producing asset or experienced barbers looking to own their own established business. The property's prime location in Lauderdale-by-the-Sea ensures high visibility and accessibility to a large customer base. This well-maintained storefront presents a rare opportunity to capitalize on the consistent demand for barbering services in a desirable coastal community. Don't miss this chance to own a profitable and established business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $916,111

  6.5%

  $845,640

  7%

  $785,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,137,884

  Geo Method

  $1,137,884

• Alternative Use

  Use

  Valuation

  Residential

  $845,640

  Hospitality

  $774,602

  Educational

  $644,460

  Medical

  $666,624

  Retail

  $1,002,493

Location Insight

City

Lauderdale By The Sea

County

Broward

State

Florida

Latitude

26.1903

Longitude

-80.0995

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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