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

$1,050,000 USD

Freestanding For Sale  •  2,719 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,719 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1962
  • Cap Rate 7.66 %
  • Tenancy Multiple
  • Zoning B-1
50 Transit Score
70 Walk Score

Highlights

Fully Occupied Retail Asset: Three established tenants provide immediate and stable cash flow.
Strong In-Place Returns: Generating approximately $80,459 in NOI with a going-in cap rate near 8%
Built-In Rental Growth: Annual rent increases support continued income expansion.
Value-Add Opportunity: Potential to increase returns through conversion to a NNN lease structure.
High-Traffic Commercial Corridor: Excellent visibility with approximately 31,500 vehicles passing daily.
Recent Property Improvements: New roof and 10 dedicated parking spaces support long-term operations.**

Property Flyers

Financial Summary (Actual)

Net Operating Income: $80,459 USD (2025)
Cap Rate: 7.66 %
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 RailDriveWalkDistance
Fort Lauderdale (Mainline - Brightline) 4 min - 1.6 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 3.0 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