FL > Fort Lauderdale
Fort Lauderdale, FL 33311,1026 NW 9th Ave
Fort Lauderdale, FL 33311,1026 NW 9th Ave
Fort Lauderdale, FL 33311,1026 NW 9th Ave
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William Gartin

William Gartin

+1(305) 842-6097
$1,200,000
Est. payment /mo
2,700 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $444

MLS Listing ID A11891960

HOA Y/N No

Year Built 1961

Annual Tax Amount $8,921

Tax Year 2024

Lot Size 6,751 Sqft

Property Sub-Type Retail

Property Description

Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.

Location

State FL

County Broward

Area 3424

Exterior

Private Pool Yes

Building

Story 1

Level or Stories One

Others

Tax ID 494234051790

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11891960

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

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William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

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