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Gelfand Realty Miami Properties for Sale - Commercial for Sale

842 NW 1ST AVE #1-8, FORT LAUDERDALE, FL 33311

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Commercial - for Sale

842 NW 1ST AVE #1-8, FORT LAUDERDALE, FL 33311

Asking Price$2,099,000

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  • Year Built 1973

  • Days on market:

    37 day(s)

  • Tax Legal Description:

    PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259

  • Tax Year:

    2023

  • Property Type:

    Commercial

  • Parking:

    Assigned ParkingGuest Parking

  • Construction Type:

    Concrete Block Construction

  • Floor Description:

    Tile FloorsCarpeted Floors

  • Sewer Description:

    Public Sanitation

Description

$2,099,000

Two-story, 8 unit (all 1b/1b) opportunity in the booming progresso & downtown fort lauderdale redevelopment district. re-zoning/assemblage exit strategy with 10,000+ sq. ft. lot on the east side of nw 1st avenue. blocks from upcoming 24 & 25 story 1000 unit+ fat village east & west. 2000 residential units approved in the immediate 5 block area. stabilized rents average $1,678 monthly, leased for steady day-one cash flow. pro-forma rents $1,900+. new front doors, kitchens, exhaust fans, vanities, light fixtures, cabinets & stone counters in the majority of units. all have walk-in closets. 40-year certification completed. current/pro-forma cash flow & re-development information in attached supplements. interior video available on request. text thomas for fastest response.

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