500 NE 13th St Fort Lauderdale, FL 33304

PROPERTY DESCRIPTION

Opportunity knocks, gentrification currently taking place in the immediate area. Great tenant mix with huge upside. 7 of 9 bays are leased and property still has a 5 CAP! Wonderful location, just down the road from home depot, many other shops. Very walkable area. Great opportunity to buy before pricing gets out of control, area could be the next Wynwood. Recent upgrades include windows, ac. roof etc. Current NOI $73, 560 Proforma NOI $99, 940+ giving 6.7 CAP (+++ with hood and restaurant build out). Now taking offers

PROPERTY DETAILS

  • Property Type: Commercial
  • Year Built: 1967
  • Lot Size: 12,230 SqFt
  • Built Description: Commercial Retail
  • Parking Type: Free Parking, Guest Parking, Street Parking
  • Roof: Shingle Roof
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  • Unit Levels Description: 1
  • Construction: Concrete Block Construction, Brick Exterior Construction
  • Property Condition: Retail Space, Strip Store
  • Property Description: ex. location, regentrification
  • Parking Spaces: 10
  • County: Broward County
  • Area: 3370
  • Ownership: Self Proprietor/Individua
  • Trash: $3,600
  • Total Units: 9
  • Numer of Buildings: 1
  • Gross Scheduled Income: 91200
  • Net Operating Income: 73540

MAP LOCATION FOR 500 NE 13TH ST FORT LAUDERDALE, FL 33304

Directions: best to use GPS

SIMILAR LISTINGS NEAR 500 NE 13TH ST

$1,495,000

2625 NE 13th Ct
Fort Lauderdale, FL 33304

Listing courtesy of Engel & Voelkers Ft Lauderdale

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