1401 S Andrews Ave - Storefront Retail/Residential FOR SALE


Fort Lauderdale, FL 33316
$3,500,000 USD
954-560-2225
1401 S Andrews Ave, Fort Lauderdale, FL for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | Request Cap Rate

1401 S Andrews Ave
Fort Lauderdale, FL 33316


HIGHLIGHTS

  • Redevelopment potential for up to 53,000 square foot lot SRAC zoning
  • Potential Joint venture for redevelopment
  • Blocks from new Courthouse

OVERVIEW

Property Highlights • Prime Location: Situated on South Andrews Avenue, a popular and bustling area in Fort Lauderdale. This location offers high visibility oappealing to both locals and tourists. • Two-Story Rooftop Design: Bar Rita’s two-story rooftop structure provides a unique dining experience. The upper-level rooftop gives guests an open-air, elevated view of the city, ideal for a vibrant ambiance, especially during evenings and weekends. • Square Footage: Each floor spans approximately 2,000 square feet, totaling 4,000 square feet. This ample space accommodates various seating arrangements, events, or even private parties. Interior & Amenities • Full Commercial Kitchen: A fully-equipped, commercial-grade kitchen ready for a high-volume restaurant operation, supporting a wide variety of culinary concepts. • Large Outdoor Seating Area: Perfect for Florida’s climate, the outdoor seating area enhances the property’s capacity and appeal, ideal for patrons looking for an al fresco dining experience. Additional Opportunities • Adjacent Lot Option: There’s an option to purchase or lease the adjacent lot behind the property, offering additional space for parking, expansion, or further development. • Flexible Usage: The property’s design and amenities are versatile, making it suitable for a variety of uses beyond just a restaurant. It could serve as a bar, lounge, event space, or even host pop-up culinary events. Investment Potential • Turnkey Business: This property allows for a relatively quick setup due to its full kitchen and established infrastructure. • Rooftop Trend Appeal: Rooftop dining has become increasingly popular, particularly in warm-weather cities like Fort Lauderdale, making it an attractive option for potential buyers seeking a trendy and profitable venue. This opportunity combines a unique property layout, a prime location, and expansion possibilities, making it a rare find in the Fort Lauderdale area. Let me know if you’d like further details on any specific aspects!

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,400 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,498 SF

ZONING

SRAC

APN/PARCEL ID

50-42-15-10-1410

ASK ABOUT THIS PROPERTY

Blaise McmackinTap 42 Craft Kitchen & BarMore Info
954-560-2225

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Blaise McmackinTap 42 Craft Kitchen & BarMore Info
954-560-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.