REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,200,000
Est. payment /mo
Active
1026 NW 9th Ave Fort Lauderdale, FL 33311
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 $444
MLS Listing ID A11891960
HOA Y/N No
Year Built 1961
Annual Tax Amount $8,921
Tax Year 2024
Lot Size 6,751 Sqft
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—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. 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 $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
Location
State FL
County Broward
Area 3424
Exterior
Private Pool Yes
Building
Story 1
Level or Stories One
Others
Tax ID 494234051790
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11891960
Listed by Fausto Commercial Realty Consultants Inc