Three-Story Mixed-Use
240 Commercial Boulevard, Fort Lauderdale, FL 33308
For Sale
$5,399,000
The third level allows office or residential use, with provision for up to two residences.
Property Size6,250 SF
Price / SF$863.84
Days on Market317
Property Features for 240 Commercial Boulevard
General Information
Standard status
Size
Class
Total Parking Spaces
Elevators
Property subtype
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
lobby
floor-to-ceiling glass
balconies
rooftop deck
kitchen
ground-level patio
Central Building
Central Building, Electric
3.0
Carpet, Concrete, Marble, Slate
3
4
1
Building, Land
Block
Exposed, Suspended
Mixed, Steel Joist
No
Office, Retail
Balconies, Elevator(s), Free Standing, Lobby, Reception Area
Security System
Building Details
Buildings
Stories
Listing Agency:
Compass
Listed By:
Kevin Skalecki · License #3429889
(954) 644-0447
Source:
Compass
Added: Dec 26, 2025
Changed: Nov 6
Last Checked: Jul 3 at 3:49PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding three-story property has a lobby, elevator, balconies on each level, and a granite-and-marble exterior. Interior areas are non-bearing for flexible build-out. The third floor is zoned for office or residential use, accommodating up to two residences, and connects to a rooftop deck. The foundation and roof were reinforced to support a potential fourth story. Other features include a kitchen, multiple bathrooms, a ground-level patio, and 25-year inspection certification in Florida.
The building fronts Commercial Boulevard, east of the bridge, across from a yacht marina. Waterfront, marina, skyline, and partial ocean views are noted, along with proximity to the beach, dining, and shops. The property carries B-1 zoning.
The building fronts Commercial Boulevard, east of the bridge, across from a yacht marina. Waterfront, marina, skyline, and partial ocean views are noted, along with proximity to the beach, dining, and shops. The property carries B-1 zoning.
Key Highlights
- Three‑story freestanding building with elevator and balconies on every level
- Third floor supports office or residential use, with up to two residences permitted
- Foundation and roof engineered to accommodate a potential fourth floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,550
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,591,000
$3.6M
Cap Rate 7%
$2,565,000
$2.6M
Cap Rate 9%
$1,995,000
$2.0M
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$285.0K $45.60/SF
− Vacancy
−$45.6K −$7.30/SF
EGI
$239.4K $38.30/SF
− OpEx
−$59.9K −$9.58/SF
NOI
$179.6K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,591,000
Cap Rate 7%
$2,565,000
Cap Rate 9%
$1,995,000
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 3.33%
Second Best
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $95,906 @ 7.0% cap · market cap 1.78%
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,000 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Fort Lauderdale, FL
Properties on Market for Mixed-use properties in Fort Lauderdale
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - The third level allows office or residential use, with provision for up to two residences.
Where is this mixed-use property located?
The property is located at 240 Commercial Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $5,399,000.
What are key features of this property?
This property features: Three‑story freestanding building with elevator and balconies on every level; Third floor supports office or residential use, with up to two residences permitted; Foundation and roof engineered to accommodate a potential fourth floor
