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43,843 SF Lot, 15,498 SF Rentable/Interior 2400 E Las Olas Blvd

15,498 SF 100% Leased Retail Building Fort Lauderdale, FL 33301 $18,000,000 ($1,161/SF) 3.59% Cap Rate

Investment Highlights

  • 15,498 square feet of rentable/interior & lot size of 43,843 square feet
  • Investment or development opportunity
  • 4 retail/office spaces, 1 restaurant
  • Sales includes a parking lot
  • Heavy drive by traffic
  • Las Olas facing property

Executive Summary

Seize the opportunity to own a prestigious commercial property located on iconic Las Olas Boulevard in Fort Lauderdale, Florida. New to market is a unique blend of (4) retail / office spaces, a thriving restaurant, and ample parking, making it a versatile investment with significant development potential. This outstanding property features 15,498 square feet of rentable/interior space on a spacious lot size of 43,843 square feet. The sale includes a generous parking lot with 43 spaces, a rare find in this bustling area. All four (4) distinct retail/office spaces have all been completely remodeled to cater to various types of high end clientele. The well-established restaurant is already in place, providing a steady stream of income and attracting foot traffic to the location. This property presents a rare opportunity for investment or development. Whether you're looking to maintain a portfolio of established tenants or considering a development project on a Las Olas facing property, this property is an exceptional investment. Exact sizes, survey, rent roll, and additional information are available upon request.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,498 SF
Building Class
C
Year Built
1962
Price
$18,000,000
Price Per SF
$1,161
Cap Rate
3.59%
NOI
$646,616
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Land Acres
0.54 AC
Zoning
CB, Fort Lauderdale
Parking
43 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
142 FT on E Las Olas Blvd

Amenities

  • 24 Hour Access
  • Courtyard
  • Property Manager on Site
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50-42-12-05-0040
Land Assessment
$1,753,720
Improvements Assessment
$2,185,230
Total Assessment
$3,938,950
  • Listing ID: 32478470

  • Date on Market: 7/16/2024

  • Last Updated:

  • Address: 2400 E Las Olas Blvd, Fort Lauderdale, FL 33301

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