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$1,200,000 Sale
Listed 18 hours ago
1026 NW 9th Ave
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Key Facts
Key facts for 1026 NW 9th Ave
Property Type
Commercial, Unspecified
Parking
-
MLS #
A11891960
Size
-
Basement
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Listed on
-
Lot size
-
Tax
$8,921 /yr
Days on Market
-
Year Built
1961
Maintenance Fee
-
Description
Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with approximately 31,500 vehicles per day. The property features 10 parkin...g spaces and a new roof that ensures reliability. It is currently occupied by three tenants—a nail salon, a restaurant, and a beauty supply store—on month-to-month leases, generating an NOI of $77,015.09 and offering a turnkey investment with a cap rate of almost 6.5% from day one of ownership. The leases include annual rent increases, providing stable income. With a pro forma GOI of $103,500, it presents an attractive opportunity to convert to a NNN lease structure to capture additional upside!
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Listing courtesy of: Fausto Commercial Realty Consultants Inc