Marcus & Millichap is pleased to exclusively offer the sale of 3114-20 E Sunrise Blvd, Fort Lauderdale FL 33034
The property consists of a 7,883 square ft mixed-use building on a 4,041 square ft (0.1-acre) lot.
The property is on an excellent corner location, steps from Ft. Lauderdale beach with excellent frontage, visibility and accessibility.
Average daily traffic counts are 40,000 vehicles on E Sunrise Blvd.
The property is comprised of 3 commercial units on the ground floor and 4 residential units on the second floor.
The property is 100% occupied offering strong and stable cash flow for potential investors with significant upside potential through multiple leases on below market rents.
All commercial leases feature 3-5% annual rent increases providing strong rent growth for a potential buyer.
The area has a dense population with over 210,000 residents living within a 5-mile radius. The average household income is over $160K within 1-mile radius.
The zoning of the property is SLA – Sunrise Lane District, allowing for a wide-range of commercial uses as well as redevelopment potential.
The property is in the heart of Fort Lauderdale just minutes from Fort Lauderdale Beach, The Galleria Mall, Bonnet House Museum & Gardens, Downtown Fort Lauderdale, Las Olas and Birch State Park