1026 NW 9th Ave, Fort Lauderdale FL 33311

Description of 1026 NW 9th Ave, Fort Lauderdale FL 33311

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 for 1026 NW 9th Ave, Fort Lauderdale FL 33311

Pool Private

No

Building Information for 1026 NW 9th Ave, Fort Lauderdale FL 33311

Building Area Total

2719

Building Area Units

Square Feet

Association

No

Property Information for 1026 NW 9th Ave, Fort Lauderdale FL 33311

Lot Size Square Feet

6,751

Waterfront

No

View

No

New Construction

No

Public Records for 1026 NW 9th Ave, Fort Lauderdale FL 33311

Parcel Number

494234051790

Tax Annual Amount

$12,565

Tax Legal Description

PROGRESSO 2-18 D LOT 38,39 BLK 196

Zoning

B-1

County Or Parish

Broward County

Location