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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 6,751 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—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
Area 3424
Zoning B-1
Exterior
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 494234051790
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12029539
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Listed by Fausto Commercial Realty Consultants Inc
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316