Located at 602 NW 1st Street in Dania Beach, Florida, this mixed-use investment property presents a compelling opportunity at an asking price of $1,950,000 with a 7.19% cap rate. The asset consists of 9 residential income-generating units — one two-bedroom/one-bath unit renting at $2,000/month and eight one-bedroom/one-bath units at $1,000/month each — alongside 3 retail shops generating $1,350/month each. A management office occupies additional space on-site. Notably, the building holds a hotel/motel license, adding a layer of operational flexibility rarely found in traditional mixed-use assets.

The property sits within a designated Opportunity Zone, offering meaningful tax advantages for investors with capital gains to deploy. Its location puts it minutes from the US-1 Corridor, Fort Lauderdale-Hollywood International Airport, the Dania Pointe Shopping & Entertainment District, and a cluster of major hotel developments and new luxury apartment communities. The area is actively benefiting from substantial public and private investment, with infrastructure improvements, tourism growth, and hospitality expansion driving population increases and strengthening demand for both housing and retail services.

Perhaps the most compelling angle is the redevelopment upside. The site carries vertical development potential of up to four stories, and an adjacent lot is also available for purchase — creating a rare assemblage opportunity in a prime, walkable urban location undergoing significant transformation. For an investor seeking immediate cash flow, Opportunity Zone tax benefits, and meaningful value-add or ground-up development potential, 602 NW 1st Street represents a well-positioned, multi-dimensional play in one of South Florida's fastest-evolving submarkets.

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