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

$1,200,000 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 6.48 %
Tenancy Multiple
Zoning B-1

46 Transit Score

81 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 $80,459.09 with a 6.5% cap rate from day one.
                            
                                Value-Add Potential: Pro forma income of $106,944 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

1026 NW 9TH AVE-FLYER-TR-ELEVI

Financial Summary (Actual)

Net Operating Income: $80,459 USD (2024)

Cap Rate:	6.48 %
Total Expenses:	$12,985 USD

Major Tenants

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

Amenities

Bus Line

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	-	1.5 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	8 min	-	3.0 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	14 min	-	7.8 mi
Miami International	51 min	-	33.0 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

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