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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1026 NW 9th Ave , Fort Lauderdale, FL 33311
$1,050,000
Est. Payment: $2,333.33/mo
0 Bed
0 Bath
2719 Sqft
Status: Active | Days on site: 30
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House Description

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.

Highlights

Listed by Caio Martin , 781-367-1454 Current Capital Realty , 954-966-8181.

Property Type

Commercial Sale

Lot/Acreage
0.15

Year Built

1961

County

Broward

Area

3040

Listing ID

A12073635

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:B-1
Principal Interest
$2,333
Taxes
$1,047

Home Price

$1,050,000

Loan Details

30 yrs
%

Down Payment

20%
$210,000
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Monthly Price:
$2,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,333.33 $1,047.08 $0.00 $3,380.42
Yearly $28,000.00 $12,565.00 $0.00 $40,565.00
Total $840,000.00 $376,950.00 $0.00 $1,216,950.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.