1335 NE 4th Avenue, Fort Lauderdale, FL
Shopping Center for Sale - $650,000 - 5,666 Sq. Ft. on 0.44 acres
Property Info
| CIMLS# | 828523 |
| Location 1335 NE 4th Avenue Fort Lauderdale FL 33304 | |
| Updated | January 29th, 2016 |
| Type | Shopping Center |
| Price | $650,000 |
| Building | 5,666 Sq. Ft. |
| Land | 0.44 acres |
Property Description
Asking Price:$650,000
Location Description:
The retail / office property is located along well traveled NE 4th Avenue, a main N/S arterial in and out of downtown Fort Lauderdale. The vacant lot is located on NE 3rd Avenue, on a residential side street. The property is located just north of East Sunrise Boulevard, a major E/W arterial through Broward County.
Highlights:
>> Major Price Reduction to $650,000
>> Big upside potential-below market rents on office and retail space
>> The 3 BR apartment is currently rented at $1,400 per month
>> Single Family lot is zoned RDS-15- Medium density residential
>> Major redevelopment occurring in immediate area
>> Commercial Property is zoned CB- Commercial Business
>> Located close to downtown Fort Lauderdale/Flagler Village
>> Property consists of three separate properties on adjoining parcels. 1335 NE 4th Avenue consists of a 1,934 retail building that is fully leased to 3 tenants at substantially below market rents. 1339 NE 4th Avenue consists of a two- story building containing 2,070 SF of retail/office space on the ground floor and a 1,666 SF, 3 BR/2BA apartment above. 1332 NE 3rd Avenue is a vacant single family lot of 6,750 SF. The total site size comprises.44 acres
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Financials
Sales Info:
>> Commision split: 6.0%