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MLS # :A12073635 |
Price :$1,050,000 |
Status :
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Listing Date :Aug 18, 2026 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1961 |
Taxes :$12,565 Per Year |
Waterfront :No |
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Remarks :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. |
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Call: 305-998-9922
Sunny Realty
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