1227 South Andrews Ave Fort Lauderdale FL 33316 MLS #A11582220

1227 South Andrews Ave
Fort Lauderdale, FL, 33316
$1,180,000
Beds
0 Baths
2,491 SqFt
0 Acres
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Situated in the heart of Fort Lauderdale’s bustling business district. This prime property offers a strategic location with exceptional visibility and accessibility to downtown amenities, major highways, and corporate headquarters. Bldg sq ft: 2,491.
Tenant in place (current Lease expires in July 2026).
Zoning allows for further residential or commercial development.
A seven unit residential bldg can be developed on this lot. A 20,000 square foot commercial bldg can be developed. Excellent development opportunity!
Zoned as SRAC-SAE in Fort Lauderdale, this designation permits a wide range of commercial uses, including retail, office, hospitality, and mixed-use developments. (see attached presentation).
Cap rate 4.5%. Inquire about lease info and financials.

Property Details

Price:
$1,180,000
MLS #:
A11582220
Status:
Active
Beds:
0
Baths:
0
Address:
1227 South Andrews Ave
Type:
Commercial
Subtype:
Mixed Use
City:
Fort Lauderdale
Listed Date:
May 6, 2024
State:
FL
Finished Sq Ft:
2,491
ZIP:
33316
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