This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Retail/Restaurant/Office 702-704 NE 1st Ave
8,864 SF Vacant Retail Building Fort Lauderdale, FL 33304 $4,750,000 ($536/SF)
Investment Highlights
- Second Generation Restaurant
- High barrier to entry for new restaurants and bars
- Onsite + Street Parking
Executive Summary
The property will be delivered vacant, making it suitable for both owner-users and investors. The neighborhood faces a very high barrier to entry for new restaurants and bars with very few remaining spaces suitable for the use, making this property especially attractive, and saving considerable time and money for the next owner.
The property is located just down the street from Las Olas Blvd, Downtown Central Business District, and is walking distance to over several thousand residential units. Additionally there are several more thousand residential units currently planned or already underway. The area has experienced tremendous growth in recent years and is frequently compared to Miami’s Wynwood neighborhood. With multiple $500+ million dollar developments occurring in the neighborhood simultaneously this represents one of the few freestanding options available for purchase and a rare opportunity to own a part of this growing market.
Property Facts
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This second-generation bar/restaurant space in Flagler Village, Fort Lauderdale, presents a unique leasing opportunity in one of the city’s most rapidly developing neighborhoods. The space is fully built out, allowing a new operator to open quickly without the need for extensive renovations. This is a rare chance to step into a turnkey operation in a highly sought-after area. Located just a short distance from Las Olas Boulevard, this space benefits from its proximity to one of Fort Lauderdale’s most popular destinations. The area has seen a surge in recent developments, from luxury residential buildings to creative office spaces, which has attracted a diverse and dynamic community. This asset is ideally positioned amidst two major upcoming developments, Hines FAT Village and AIMCO’s Searstown redevelopments. These projects are set to bring over 1,600 new residential units, 188 hotel rooms, and nearly 720,000 square feet of office, retail, and commercial spaces. The vibrant mix of culture, nightlife, and innovation makes Flagler Village a hotspot for both locals and visitors. In addition to the bar/restaurant space, there is also a retail or creative office opportunity available upstairs. This space can be leased together with the restaurant or separately, offering flexibility for businesses looking to establish a presence in this dynamic neighborhood. Given the limited availability of quality retail and dining spaces in Flagler Village, this lease offers a significant opportunity in a neighborhood with considerable barriers to entry. The high demand for spaces in this area underscores the value of securing a location in this thriving community. For those looking to establish or expand their presence in one of South Florida's most desirable neighborhoods, these fully equipped spaces provide the ideal foundation for a successful venture.
Space | Size | Space Use | Position | Available |
A1 | 3,255 SF | Retail | - | Now |
A2 | 3,127 SF | Retail | - | Now |
Suite 2 | 2,482 SF | Office | - | Now |
A1
Size |
3,255 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
A2
Size |
3,127 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
Suite 2
Size |
2,482 SF |
Space Use |
Office |
Position |
- |
Available |
Now |
A1
Size | 3,255 SF |
Space Use | Retail |
Position | - |
Available | Now |
A2
Size | 3,127 SF |
Space Use | Retail |
Position | - |
Available | Now |
This second-generation bar/restaurant space in Flagler Village, Fort Lauderdale, presents a unique leasing opportunity in one of the city’s most rapidly developing neighborhoods. The space is fully built out, allowing a new operator to open quickly without the need for extensive renovations. This is a rare chance to step into a turnkey operation in a highly sought-after area. Located just a short distance from Las Olas Boulevard, this space benefits from its proximity to one of Fort Lauderdale’s most popular destinations. The area has seen a surge in recent developments, from luxury residential buildings to creative office spaces, which has attracted a diverse and dynamic community. This asset is ideally positioned amidst two major upcoming developments, Hines FAT Village and AIMCO’s Searstown redevelopments. These projects are set to bring over 1,600 new residential units, 188 hotel rooms, and nearly 720,000 square feet of office, retail, and commercial spaces. The vibrant mix of culture, nightlife, and innovation makes Flagler Village a hotspot for both locals and visitors. In addition to the bar/restaurant space, there is also a retail or creative office opportunity available upstairs. This space can be leased together with the restaurant or separately, offering flexibility for businesses looking to establish a presence in this dynamic neighborhood. Given the limited availability of quality retail and dining spaces in Flagler Village, this lease offers a significant opportunity in a neighborhood with considerable barriers to entry. The high demand for spaces in this area underscores the value of securing a location in this thriving community. For those looking to establish or expand their presence in one of South Florida's most desirable neighborhoods, these fully equipped spaces provide the ideal foundation for a successful venture.
Suite 2
Size | 2,482 SF |
Space Use | Office |
Position | - |
Available | Now |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 49-42-34-07-1560 | Improvements Assessment | $3,479,400 |
Land Assessment | $133,870 | Total Assessment | $3,613,270 |
PROPERTY TAXES
Presented by
Retail/Restaurant/Office | 702-704 NE 1st Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.