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Sistrunk Land with Renovation Potential

1428-1435 NW 6th St, Fort Lauderdale, FL

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For Sale

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Two buildings with apartments on 21,000 SF land.

Type:OFFICE

Property size:

5,500 SF

Lot size:

0.11 Acres

Price / SF:

$400/SF

HighLights

Large Land Size: Approximately 21,000 sq ft in Sistrunk.
Prime Location: Directly next to the brand new YMCA.
Development Potential: Includes 2 buildings totaling approximately 5500 sq ft with potential for renovation.
Multiple Parcels: Includes parcels 1428, 1429, 1433, & 1435.
Seller Financing: Seller will consider financing options.
Pre‑Conceptual Drawings: Proposed pre‑conceptual drawings for development (not yet approved).

We can help!

Listing Contact

Amanda Mercede

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For Sale

Contact for pricing

Two buildings with apartments on 21,000 SF land.

Type:OFFICE

Property size:

5,500 SF

Lot size:

0.11 Acres

Price / SF:

$400/SF

Added:: Jul 12, 2023
Days on Market:: 1070
Last Refresh:: May 19 at 9:35 pm

Property Features for 1428-1435 NW 6th St

General Information

Standard status: Active
Size: 5,500 SF
Lot size: 0.11 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Amanda Mercede

Listing agent Amanda Mercede

Listing office Janet Mercede Real Estate Inc

Listing date Jul 12, 2023

Source Moodyscre

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 Janet Mercede Real Estate Inc

HighLights

Large Land Size: Approximately 21,000 sq ft in Sistrunk.
Prime Location: Directly next to the brand new YMCA.
Development Potential: Includes 2 buildings totaling approximately 5500 sq ft with potential for renovation.
Multiple Parcels: Includes parcels 1428, 1429, 1433, & 1435.
Seller Financing: Seller will consider financing options.
Pre‑Conceptual Drawings: Proposed pre‑conceptual drawings for development (not yet approved).

Overview

Available for sale are two buildings totaling approximately 5,500 square feet, which include second-story apartments that may be suitable for renovation. The property includes approximately 21,000 square feet of land. The parcels included in the sale are 1428, 1429, 1433, and 1435. Located in the Sistrunk area, the property is directly adjacent to a new YMCA. The sale includes the buildings in their current condition. Pre-conceptual drawings for a proposed development are available, though not yet approved. Seller financing may be considered.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$250.8k	$45.60
− Vacancy	−$40.1k	−$7.30
EGI	$210.7k	$38.30
− OpEx	−$52.7k	−$9.58
NOI	$158.0k	$28.73

5,500 SF · lease $45.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.26M

$1.98M – $2.63M (±1% cap)

NOI $158,004 @ 7.0% cap · market cap 7.18%

Second Best

Apartment 5plus

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,590 @ 7.0% cap · market cap 3.75%

Theoretical Best

Office A

$3.70M

$3.23M – $4.31M (±1% cap)

NOI $258,720 @ 7.0% cap · market cap 11.76%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Fort Lauderdale
County: Broward
State: Florida
Longitude: -80.161
Latitude: 26.1284

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What type of property is this?

Office building - Two buildings with apartments on 21,000 SF land.

Where is this office building located?

The property is located at 1428-1435 NW 6th St Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Large Land Size: Approximately 21,000 sq ft in Sistrunk.; Prime Location: Directly next to the brand new YMCA.; Development Potential: Includes 2 buildings totaling approximately 5500 sq ft with potential for renovation.

1428-1435 NW 6th St, Fort Lauderdale, FL

Two buildings with apartments on 21,000 SF land.

Property Features for 1428-1435 NW 6th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Sunrise Boulevard Commercial Investment Opportunity

Fort Lauderdale Multifamily Investment Opportunity

Fort Lauderdale Retail/Office Building

Two-Unit Retail Storefront

Six-Unit Multifamily Property

Six-Unit Multifamily Property

Prime Location on W Broward Blvd

Triplex with Heated Pool

Fort Lauderdale Triplex with Pool

Fort Lauderdale Mediterranean Restaurant Opportunity

Fort Lauderdale Multifamily Investment Opportunity

Fort Lauderdale Multifamily Investment Opportunity

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