2990 Sunrise BlvdFort Lauderdale, FL 33311

Property Details for 2990 Sunrise Blvd

Year built

1962

Construction

CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

5,625 SF

Zone code

B-3

Property type

Bars

APN

50-42-05-05-0830

APU

504205050830

Description

This exceptional commercial property in Fort Lauderdale, Florida, presents a unique investment opportunity. Located at 2990 W Sunrise Blvd, zip code 33311, this mixed-use offering comprises two single-story buildings constructed in 1962, totaling six combined folios. The property boasts a prominent billboard and includes a 4COP liquor license for an established lounge and liquor store operating successfully since 1970. This well-known business benefits from a loyal customer base and enjoys a prime location with an impressive Annual Average Daily Traffic (AADT) exceeding 48,500 vehicles. The asking price is $3,900,000. The flexible zoning allows for a variety of uses, making this an ideal investment for entrepreneurs seeking a high-traffic location with established income streams and significant development potential. The property's classification includes industrial, mixed-use, and land, offering diverse possibilities for future expansion or redevelopment. This is a rare opportunity to acquire a substantial commercial property with a proven track record in a highly desirable area of Fort Lauderdale. The combination of existing business operations and the expansive land holdings makes this a truly unique and compelling investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,458,327

  6.5%

  $2,269,225

  7%

  $2,107,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,187,578

  Geo Method

  $4,187,578

• Alternative Use

  Use

  Valuation

  Residential

  $1,914,176

  Hospitality

  $1,753,375

  Educational

  $1,458,788

  Medical

  $1,508,958

  Retail

  $2,269,225

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1358

Longitude

-80.1853

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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