Industrial Property with Auto Service
New
For Sale
$7,000,000
2900-2916 SE 6th Ave, Fort Lauderdale, FL 33316
B-3 zoning and existing automotive infrastructure accommodate light industrial and commercial operations.
Property Size12,613 SF
Lot Size0.81 Acres
Price / SF$554.98
Days on Market1
Property Features for 2900-2916 SE 6th Ave
General Information
Standard status
Active
Size
12,613 SF
Lot size
0.81 Acres
Property subtype
Industrial
Zoning
B-3
Site & Location
Neighborhood
Ppca
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Property Use
Industrial
Building Details
Building Size
12,613 SF
Buildings
2
Listing Agency:
Lee & Associates | Broward/Palm Beach
Listed By:
Greg Milopoulos · License #FL #BK3121415
(954) 558-1220
Source:
Lee-associates
Added: Oct 30
Last Checked: Oct 30 at 2:36PM
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 Lee & Associates | Broward/Palm Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-property industrial assemblage totals approximately 12,613 SF on 0.81 acres. At 2916 SE 6th Ave, an approximately 11,412 SF auto service building has multiple bay doors, a fenced yard, and approximately 30 parking spaces. The adjoining property at 2900 SE 6th Ave includes an approximately 1,201 SF former rental facility and approximately 55 surface parking spaces. Together, the buildings provide automotive infrastructure and an operational layout across contiguous parcels.
B-3 zoning supports a range of light industrial and commercial uses. The property offers access to I-595, Port Everglades, FLL Airport, and US-1. Existing leases are in place, with lease rollover and renewals identified as potential paths for repositioning.
B-3 zoning supports a range of light industrial and commercial uses. The property offers access to I-595, Port Everglades, FLL Airport, and US-1. Existing leases are in place, with lease rollover and renewals identified as potential paths for repositioning.
Key Highlights
- Two contiguous industrial properties totaling approximately 12,613 SF on 0.81 acres
- Approximately 11,412 SF auto service building with multiple bay doors and a fenced yard
- Approximately 30 parking spaces at 2916 SE 6th Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,676
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,493,520
$4.5M
Cap Rate 7%
$3,209,657
$3.2M
Cap Rate 9%
$2,496,400
$2.5M
Market Conditions
NOI Build-Up for 12,613 SF
Gross rent
$348.1K $27.60/SF
− Vacancy
−$27.2K −$2.15/SF
EGI
$321.0K $25.45/SF
− OpEx
−$96.3K −$7.63/SF
NOI
$224.7K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,493,520
Cap Rate 7%
$3,209,657
Cap Rate 9%
$2,496,400
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,676 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$2.60M
$2.28M – $3.04M
NOI $182,127 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$8.48M
$7.42M – $9.89M
NOI $593,316 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - B-3 zoning and existing automotive infrastructure accommodate light industrial and commercial operations.
Where is this industrial property located?
The property is located at 2900-2916 SE 6th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Two contiguous industrial properties totaling approximately 12,613 SF on 0.81 acres; Approximately 11,412 SF auto service building with multiple bay doors and a fenced yard; Approximately 30 parking spaces at 2916 SE 6th Ave
