43,843 SF Lot, 15,498 SF of Rentable/Interior | 2400 E Las Olas Blvd
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43,843 SF Lot, 15,498 SF of Rentable/Interior 2400 E Las Olas Blvd
15,498 SF 100% Leased Retail Building Fort Lauderdale, FL 33301 $14,750,000 ($952/SF) 4.74% Cap Rate
Investment Highlights
- Investment or development opportunity
- Sale includes a parking lot of 43 spaces
- Las Olas facing property
- Anchor restaurant and 4 retail/office spaces
- Heavy drive by traffic
- Parking lot recently redone and restriped
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. Additional information, financials, and Offering Memorandum available - please contact listing agent.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,498 SF
Building Class
C
Year Built
1962
Price
$14,750,000
Price Per SF
$952
Cap Rate
4.74%
NOI
$698,657
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.54 AC
Zoning
CB, Fort Lauderdale - Zoning is AR, Use is 12-04
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
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 50-42-12-05-0040 | Improvements Assessment | $2,185,230 |
Land Assessment | $1,753,720 | Total Assessment | $3,938,950 |
PROPERTY TAXES
Parcel Number
50-42-12-05-0040
Land Assessment
$1,753,720
Improvements Assessment
$2,185,230
Total Assessment
$3,938,950
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43,843 SF Lot, 15,498 SF of Rentable/Interior | 2400 E Las Olas Blvd
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