511 SE 5th Ave - Storefront Retail/Office CONDO FOR SALE


Fort Lauderdale, FL 33301
$4,500,000 USD
954-600-0550
511 SE 5th Ave, Fort Lauderdale, FL for Sale
$4,500,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/15
null | Request Cap Rate

511 SE 5th Ave
Fort Lauderdale, FL 33301


HIGHLIGHTS

  • Luxurious waterfront retail with 20 foot ceilings
  • Corner property with street access

OVERVIEW

Great For investors -6% Return, Has Been Rented for 5 Years, For Luxury European Cuisine Restaurant, Is currently fully finished, Very rare opportunity.SEE YOUTUBE VIDEO: 1) 1 Block to Las Olas, BEST FL RETAIL OPPORTUNITY. 2) 20 Foot high Ceiling. 3) Corner property w/ St access. 4) SIZE TOTAL 8,664 SF, (6,308 SF under air, additional 1,220 SF exterior covered area + 900 SF bathroom area) Can be expanded to extra 1000 SQFT 5) COMPARABLE: NURIVER 5 & 6 w/ 2,143 SF, SOLD FOR $ 2,150.000 IN 08/29/18 $1,000/PER SF, 6) LOCATION: THIS IS WATER FRONT, NEW & LUXURY CLASS A BUILDING IN FT LAUDERDALE DOWNTOWN, Next Court House. 7) 24 Hs Security. . $ 15,354 Taxes/Year. CONDO+Water+Insurance $ 2,680

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$519 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Nu River Landing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

30,000 SF

STORIES

20

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

425

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

RAC-CC

APN/PARCEL ID

50-42-10-BF-0040,50-42-10-BF-0050,50-42-10-BF-0060,50-42-10-BF-0070,50-42-10-BF-0080,50-42-10-BF-0090

ASK ABOUT THIS PROPERTY

Marcio SoUSAThe Keyes CompanyMore Info
954-600-0550

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Marcio SoUSAThe Keyes CompanyMore Info
954-600-0550

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