1026 NW 9th Ave, Fort Lauderdale, FL 33311

About This Home

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.

Building & Association

Association

No

Lot & Construction

Lot Size Square Feet

6,751

Waterfront

No

View

No

New Construction

No

Public Records

Parcel Number

494234051790

Tax Annual Amount

$12,565

Zoning

B-1

County Or Parish

Broward County

Location