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1301 N Dixie Hwy

Fort Lauderdale, FL 33304

$3,500,000

Freestanding For Sale  •  1,890 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 1,890 Sq Ft
  • Lot Size 0.24 ac
  • Building Class C
  • Year Built 1960
  • Cap Rate 6.17 %
  • Tenancy Single
  • Zoning CB
43 Transit Score
75 Walk Score

Description

Award-winning, high-end liquor store with real estate for sale. 38 years in same location with established clientele.  Property is a freestanding building in corner location of a high traffic area with excellent exposure and visibility. Walking distance from the business, a 5-story residential apartment complex is under construction, anticipating income increase. Price includes: real estate, liquor business, liquor licenses, entire inventory and future extension plans and city permits for construction of cafeteria, and exterior wine by the glass lounge project. Owner has spent over $950,000 on renovations and can provide licensed contractor name and receipts. He will also spend an additional $800,000 for the expansion of the of the wine by the glass lounge and the cafeteria.  Construction plans have been submitted to the city for their revision and approval. Just waiting for the approval of the plans to start construction. Also check cashing store inside building is ready for new owner to operate and receive additional income. On 2018 owner made major renovations and upgrades to the property:  new roof, new cooler, new tile floors, drop down ceiling, state of the art shelving, landscaping with artificial grass and security system. New kitchen, 2 modern bathrooms, check cashing space with bullet proof glass and door, and wine by the glass lounge were added in the interior of the building. On the west side of the building there is a parcel being used as additional parking lot for the property which is also included in price.  Big time money maker! High profit margin! Voted #1 liquor store in Wilton Manor. EB 5 visa eligible. Seller is extremely motivated due to the fact he is relocating to Brazil. Business only also available for $900,500.

Highlights

HIGH TRAFFIC AREA
CORNER LOCATION
RECENTLY UPGRADED

Property Flyers

Financial Summary (Actual)

Net Operating Income: $215,800 (2018)
Cap Rate: 6.17 %
Total Expenses: $144,200

Major Tenants

Tenant SF Occupied Lease End Date
LIQUOR 007 1,890 SF

Amenities

  • Air Conditioning
  • Corner Lot

Public Transportation

Commuter RailDriveWalkDistance
Fort Lauderdale Commuter Rail (Tri-County Commuter) 11 min - 4.3 mi
Cypress Creek Commuter Rail (Tri-County Commuter) 10 min - 4.8 mi
AirportDriveWalkDistance
Fort Lauderdale–Hollywood International Airport 18 min - 9.2 mi
Miami International Airport 55 min - 34.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Rizwan Ahmed 954-394-0664 Capital Commercial Real Estate Group, Inc
Rizwan Ahmed 954-394-0664 Capital Commercial Real Estate Group, Inc