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Retail Strip Center Near Wilton

1518-1522 NE 4th Ave Fort Lauderdale, FL 33304

1518-1522 NE 4th Ave, Fort Lauderdale, FL, 33304
$750,000
For Sale
Claim this Listing
$750,000

Three-unit retail strip center near Wilton Manors for sale.

Property Size1,850 SF
Price / SF$405.41
AddedApr 1
Days on Market106
Last RefreshJul 3 at 12:41 am

Property Features for 1518-1522 NE 4th Ave

General Information

Standard status
Active
Size
1,850 SF
Property subtype
Commercial

Building Details

Year Built
1976

Listing office

Listing date Apr 1, 2026

Source Elliman

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 Cleveland Sainpreux


Investment Insights

Based on property information with market context.

Wilton Drive Plaza is a \u00b11,850 SF three-unit retail strip center located at 1518–1522 NE 4th Avenue, Fort Lauderdale, FL. Situated one block south of Wilton Manors, in Broward County's Arts & Entertainment District, the property is positioned amidst significant developments, with over $200 million in mixed-use projects approved, under construction, or in planning within a one-mile radius. This property is suited for an owner-user, such as an entrepreneur, medical or professional office operator, boutique retailer, or restaurant concept, seeking to manage occupancy costs, eliminate long-term lease exposure, gain supplemental rental income, and build equity in a supply-constrained urban corridor. The property currently operates with three month-to-month tenants, providing flexibility for a new owner to occupy one, two, or all three units while maintaining cash flow. This is an opportunity to transition from tenant to owner in a high-demand market.

Key Highlights

  • Located in a high‑demand urban corridor near Wilton Manors and Broward County's Arts & Entertainment District.
  • Significant development activity in the area, with over $200 million in mixed‑use projects approved, under construction, or in planning within a one‑mile radius.
  • Ideal for an owner‑user looking to control occupancy costs, eliminate lease exposure, and build equity.

Local Financial Insights For 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 $51.1k $27.60
− Vacancy −$4.0k −$2.15
EGI $47.1k $25.45
− OpEx −$14.1k −$7.63
NOI $33.0k $17.81
1,850 SF · lease $27.60/SF/yr · vacancy 7.80% · expense 30.00%

Alternative Uses

Best Use
Retail
$470.8K
$411.9K – $549.2K (±1% cap)
NOI $32,954 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M (±1% cap)
NOI $87,024 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Dental Office Butcher Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Arcade & Gaming Center (Bike/Boat/Book/etc) Store Florist Restaurant

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

FAQs

What type of property is this?
Strip mall - Three-unit retail strip center near Wilton Manors for sale.
Where is this strip mall located?
The property is located at 1518-1522 NE 4th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Located in a **high‑demand urban corridor** near Wilton Manors and Broward County's Arts & Entertainment District.; Significant development activity in the area, with over $200 million in mixed‑use projects approved, under construction, or in planning within a one‑mile radius.; Ideal for an owner‑user looking to control occupancy costs, eliminate lease exposure, and build equity.
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