1026 NW 9th Ave, Fort Lauderdale FL 33311

About This Property

Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,719 SF freestanding retail property offers strong exposure along a high-traffic corridor carrying an estimated 31,500 vehicles per day. The property is fully occupied by three tenants — a nail salon, a restaurant, and a beauty supply store — operating on month-to-month leases with built-in annual rent increases, delivering stable and growing income from day one of ownership. The asset generates a net operating income of $73,543.00, reflecting a going-in cap rate of 7.0%. The site also sits within a designated Opportunity Zone, and recent capital improvements — including a new roof and 10 dedicated on-site parking spaces — support long-term operational reliability and reduce near-term capital expenditure risk for a new owner.

Property Details

Property Type

Retail

Status

Active

MLS #

A12073635

Building Area

2,719 SF

Lot Size

6,751 SF

Year Built

1961

Zoning

B-1

Days on Market

1

Price

$1,050,000