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$1,050,000
Est. payment /mo
2,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $388
MLS Listing ID A12029539
HOA Y/N No
Year Built 1961
Annual Tax Amount $12,565
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Retail
Property 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 roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—two restaurants and a beauty supply store—it generates an NOI of $75,845.67. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $105,828.00, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
Location
State FL
County Broward
Community Shopping
Area 3390
Zoning B-1
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Community Features Shopping
Water Access Desc Public
Building
Dwelling Type Retail
Sewer Public Sewer
Water Public
Others
Tax ID 494234051790
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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Listed by Elior Levi Fausto Commercial Realty Consultants Inc
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