Restaurant with Motel-Style
1536 Northwest 6th Street Fort Lauderdale, FL 33311
1536 Northwest 6th Street, Fort Lauderdale, FL, 33311
$675,000
For Sale
$675,000
Well-maintained mixed-use property with an on-site supervisor and a rear area featuring motel-style rooms.
Property Size1,357 SF
Price / SF$497.42
Days on Market246
Property Features for 1536 Northwest 6th Street
General Information
- Standard status
- Active
- Size
- 1,357 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1961
Listing agency
Coldwell Banker Residential Real Estate
(954) 527-5900
Listed by
Robert Piccolo · License #0433229
(954) 527-5900
Source
Compass
Added: Nov 18, 2025 Updated: Jul 20 at 11:56PM Checked: Jul 21 at 6:55AM
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 Coldwell Banker Residential Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes one restaurant and six motel-style rooms located in the rear area. The restaurant has its own bathroom, and there is also a shared full bathroom for the residents. The property is described as well maintained, with an on-site supervisor.
The offering is identified as mixed use zoning, with the restaurant positioned alongside the motel-style room configuration in the rear.
Based on the provided remarks, rents are reported as paid on time with annual tenants, and the property is described as having area upgrades and mixed-use zoning. The remarks also note the possibility of building up to 6/7 floors.
The offering is identified as mixed use zoning, with the restaurant positioned alongside the motel-style room configuration in the rear.
Based on the provided remarks, rents are reported as paid on time with annual tenants, and the property is described as having area upgrades and mixed-use zoning. The remarks also note the possibility of building up to 6/7 floors.
Key Highlights
- Mixed‑use property with 1 restaurant and 6 motel‑style rooms in a rear area
- 7 total units/tenants with 2 total toilets; 1 restaurant bathroom plus 1 shared full bathroom for residents
- Building structure: block construction with fenced area and smoke detector(s)
Local 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 | $39.1k | $28.80 |
| − Vacancy | −$2.7k | −$1.96 |
| EGI | $36.4k | $26.84 |
| − OpEx | −$9.1k | −$6.71 |
| NOI | $27.3k | $20.13 |
1,357 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$390.3K
$341.5K – $455.3K
NOI $27,318 @ 7.0% cap · market cap 4.05%
Second Best
Hotel Hospitality
$187.9K
$164.4K – $219.2K
NOI $13,153 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$911.9K
$797.9K – $1.06M
NOI $63,833 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
KNS grill
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Well-maintained mixed-use property with an on-site supervisor and a rear area featuring motel-style rooms.
Where is this conventional restaurant located?
The property is located at 1536 Northwest 6th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Mixed‑use property with 1 restaurant and 6 motel‑style rooms in a rear area; 7 total units/tenants with 2 total toilets; 1 restaurant bathroom plus 1 shared full bathroom for residents; Building structure: block construction with fenced area and smoke detector(s)
