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1026-1030 NW 9th Ave
Fort Lauderdale, FL 33311 South Middle River

$1,050,000 USD

Freestanding For Sale  •  2,700 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,700 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1962
  • Cap Rate 7.41 %
  • Tenancy Multiple
  • Zoning B-1
50 Transit Score
70 Walk Score

Highlights

Prime Location: In Progresso Village / South Middle River, minutes from Downtown and I-95, with exposure to about 31,500 cars daily.
Fully Leased: Occupied by three tenants—a nail salon, restaurant, and beauty supply store—providing steady income.
Strong Returns: Generates an NOI of $75,846 with a 6.6% cap rate from day one.
Value-Add Potential: Pro forma income of $105,828 with room to shift to NNN leases for higher returns.
Income Growth: Rent increases this December and January 2026 provide immediate and steady revenue growth.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $75,846 USD (2024)
Cap Rate: 7.41 %
Total Expenses: $16,482 USD

Major Tenants

Tenant SF Occupied Lease End Date
Beverage, Inc.
Fancy Nails
Frienly Discount Beauty Supply Inc

Amenities

  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 3.1 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 10 min - 5.1 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 14 min - 7.9 mi
Miami International 51 min - 33.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants