Fully Leased Retail & Restaurant
1026 NW 9th Ave Fort Lauderdale, FL 33311
For Sale
$1,050,000
A high-traffic storefront with 10 parking spaces, a new roof, and three operating tenants across restaurant and retail uses.
Property Size2,700 SF
Price / SF$388.89
Days on Market42
Property Features for 1026 NW 9th Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
Fausto Commercial Realty Consultants Inc
(954) 743-7594
Listed By:
Elior Levi · License #A11952813
(954) 743-7594
Source:
Elliman
Added: Jun 16
Changed: Jul 10
Last Checked: Jul 27 at 11:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This 2,700 SF commercial property at 1026 NW 9th Ave is fully occupied by three tenants, including two restaurants and a beauty supply store. The building is configured as a storefront-style commercial asset designed to support active retail service and dining operations, with a recently installed roof providing added reliability.
Situated in the Progresso Village / South Middle River area of Fort Lauderdale, the property benefits from exposure along a high-traffic corridor, with approximately 31,500 vehicles per day. The site includes 10 parking spaces, supporting convenient customer access, and the property is positioned just minutes from Downtown and I-95.
From an operating standpoint, the tenant mix offers continuity of use with established restaurant and retail businesses in place. Financially, the property is reported with an NOI of $75,845.67, and tenants have scheduled rent increases, including two in January 2026 and one in December this year. A pro forma GOI of $105,828.00 is noted in the offering materials, along with the possibility of future NNN conversion, providing a basis for continued income evolution tied to the documented escalations.
Situated in the Progresso Village / South Middle River area of Fort Lauderdale, the property benefits from exposure along a high-traffic corridor, with approximately 31,500 vehicles per day. The site includes 10 parking spaces, supporting convenient customer access, and the property is positioned just minutes from Downtown and I-95.
From an operating standpoint, the tenant mix offers continuity of use with established restaurant and retail businesses in place. Financially, the property is reported with an NOI of $75,845.67, and tenants have scheduled rent increases, including two in January 2026 and one in December this year. A pro forma GOI of $105,828.00 is noted in the offering materials, along with the possibility of future NNN conversion, providing a basis for continued income evolution tied to the documented escalations.
Key Highlights
- 2,700 SF commercial property at 1026 NW 9th Ave (built 1961) in Fort Lauderdale’s Progresso Village / South Middle River area
- High‑traffic corridor with approximately 31,500 vehicles per day plus strong storefront exposure
- 10 parking spaces and a new roof
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $28.80 |
| − Vacancy | −$5.3k | −$1.96 |
| EGI | $72.5k | $26.84 |
| − OpEx | −$18.1k | −$6.71 |
| NOI | $54.4k | $20.13 |
2,700 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$776.5K
$679.4K – $905.9K
NOI $54,354 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$687.1K
$601.2K – $801.6K
NOI $48,095 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,008 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A high-traffic storefront with 10 parking spaces, a new roof, and three operating tenants across restaurant and retail uses.
Where is this conventional restaurant located?
The property is located at 1026 NW 9th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,700 SF commercial property at 1026 NW 9th Ave (built 1961) in Fort Lauderdale’s Progresso Village / South Middle River area; High‑traffic corridor with approximately 31,500 vehicles per day plus strong storefront exposure; 10 parking spaces and a new roof
