Description

Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—two restaurants and a beauty supply store—it generates an NOI of $75,845.67. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $105,828.00, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.

Overview

Retail
Type

sqft
Area Size

1961
Year Built

A11891960
Property ID

Details

Actualizado en abril 21, 2026 a 2:18 pm

Property ID A11891960
Price $1,050,000
Year Built 1961
Type Retail
Property Status Commercial Sale

Additional details

BuildingAreaTotal 2700
BuildingAreaUnits Square Feet
BusinessType Retail Space, Strip Store
CoListAgentDirectPhone 786-678-1052
CoListAgentEmail troitman@serviglobal.net
CoListAgentFullName Tammy Roitman Lerner
CoListAgentKey ed2779fff40bfec9cfc5df16a7533631
CoListAgentMlsId 3463052
CoListAgentOfficePhone 305-677-9833
CoListAgentStateLicense 3463052
CoListOfficeKey 98a76125c58f7c372767c70f2b5bf1d4
CoListOfficeMlsId CFAX01
CoListOfficeName Colfax Realty International Inc
CoListOfficePhone 305-677-9833
ContractStatusChangeDate 2025-10-07
CurrentUse Retail
DaysOnMarket 196
ExpirationDate 2026-06-07
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-743-7594
ListAgentEmail elevi@faustocommercial.com
ListAgentFullName Elior Levi
ListAgentKey 1935ebadec8c69d7a6e4620d2dae77a8
ListAgentMlsId 3574869
ListAgentOfficePhone 786-748-7373
ListAgentStateLicense 3574869
ListOfficeFax 305-675-0365
ListOfficeKey 7cfc112ff185580637392301ab94285c
ListOfficeMlsId FAUS01
ListOfficeName Fausto Commercial Realty Consultants Inc
ListOfficePhone 786-748-7373
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-10-07
ListingKey 6dc53b876671407666d2b42d0b3839ab
LotSizeSquareFeet 6751
MajorChangeTimestamp April 21, 2026 at 02:14pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 21, 2026 at 02:14pm
NumberOfBuildings 1
NumberOfUnitsInCommunity 3
OnMarketDate 2025-10-07
OriginalEntryTimestamp October 13, 2025 at 02:54pm
OriginalListPrice 1200000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 494234051790
PhotosChangeTimestamp October 13, 2025 at 02:56pm
PhotosCount 18
PostalCodePlus4 6221
PreviousListPrice 1075000
PriceChangeTimestamp April 21, 2026 at 02:14pm
PublicSurveyRange 49
PublicSurveySection 34
PublicSurveyTownship 49
SourceSystemKey 421544639
SpecialListingConditions Sale
StateOrProvince FL
StatusChangeTimestamp October 13, 2025 at 02:54pm
Stories 1
StoriesTotal 1
StreetDirPrefix NW
StreetName 9th Ave
StreetNumber 1026
StreetNumberNumeric 1026
SyndicationRemarks Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2, 700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31, 500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—two restaurants and a beauty supply store—it generates an NOI of $75, 845.67. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $105, 828.00, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
TaxAnnualAmount 8921
TaxLegalDescription PROGRESSO 2-18 D LOT 38, 39 BLK 196
TaxYear 2024
Zoning B-1