1227 South Andrews Ave, Fort Lauderdale FL 33316,Fort Lauderdale,Broward County,Commercial Sale

  • $1,180,000
1227 South Andrews Ave, Fort Lauderdale FL 33316
Commercial Sale Active
1227 South Andrews Ave, Fort Lauderdale FL 33316,Fort Lauderdale,Broward County,Commercial Sale
1227 South Andrews Ave, Fort Lauderdale FL 33316
  • $1,180,000

Overview

Property ID: HZA11582220
  • Mixed Use
  • Property Type

Description

Situated in the heart of Fort Lauderdale’s bustling business district. This prime property offers a strategic location with exceptional visibility and accessibility to downtown amenities, major highways, and corporate headquarters. Bldg sq ft: 2,491.
Tenant in place (current Lease expires in July 2026).
Zoning allows for further residential or commercial development.
A seven unit residential bldg can be developed on this lot. A 20,000 square foot commercial bldg can be developed. Excellent development opportunity!
Zoned as SRAC-SAE in Fort Lauderdale, this designation permits a wide range of commercial uses, including retail, office, hospitality, and mixed-use developments. (see attached presentation).
Cap rate 4.5%. Inquire about lease info and financials.

  • Address South Andrews Ave
  • City Fort Lauderdale
  • State/county Broward County
  • Zip/Postal Code 33316

Details

Updated on May 7, 2024 at 8:18 am
  • Property ID: HZA11582220
  • Price: $1,180,000
  • Property Type: Mixed Use
  • Property Status: Commercial Sale

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