French Bakery
For Sale
$1,700,000
2915 E Las Olas Blvd, Fort Lauderdale, FL 33316
Established food business offering pastries, cheeses, and gourmet French products near the beach and marina.
Property Size5,414 SF
Price / SF$314
Days on Market67
Property Features for 2915 E Las Olas Blvd
General Information
Standard status
Active
Size
5,414 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Year Built
1974
Listing Agency:
Serhant
Listed By:
Fabrice Ernandes · License #3427417
(786) 603-0184
Source:
Thepennteam
Added: Aug 8
Changed: Oct 13
Last Checked: Oct 7 at 1:59PM
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 Serhant
Investment Insights
Based on property information with market context.
This 5,414-square-foot restaurant property houses an authentic French bakery business featuring pastries, cheeses, and gourmet French food. The operation includes 7 staff members and was built in 1974.
Positioned at 2915 E Las Olas Blvd in Fort Lauderdale, the business is near the beach and marina. A 10-year lease is secured, providing defined occupancy terms for the restaurant operation.
Positioned at 2915 E Las Olas Blvd in Fort Lauderdale, the business is near the beach and marina. A 10-year lease is secured, providing defined occupancy terms for the restaurant operation.
Key Highlights
- 5,414‑square‑foot restaurant property
- Authentic French bakery offering pastries, cheeses, and gourmet French food
- 7 staff members in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,990
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,179,800
$2.2M
Cap Rate 7%
$1,557,000
$1.6M
Cap Rate 9%
$1,211,000
$1.2M
Market Conditions
NOI Build-Up for 5,414 SF
Gross rent
$155.9K $28.80/SF
− Vacancy
−$10.6K −$1.96/SF
EGI
$145.3K $26.84/SF
− OpEx
−$36.3K −$6.71/SF
NOI
$109.0K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,179,800
Cap Rate 7%
$1,557,000
Cap Rate 9%
$1,211,000
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,990 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,675 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
118k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Dining 12%
Shops & Services 10%
Apparel 7%
Bahia Mar Fort Lauderdale Beach - a DoubleTree by Hilton Hotel
Hotels & Casinos
41,752 visits/mo
0.4 miles
The Ritz-Carlton, Fort Lauderdale
Hotels & Casinos
20,887 visits/mo
0.3 miles
Courtyard Fort Lauderdale Beach
Hotels & Casinos
12,050 visits/mo
0.2 miles
7-Eleven
Shops & Services
11,794 visits/mo
0.1 miles
Hotel Maren Fort Lauderdale Beach, Curio Collection by Hilton
Hotels & Casinos
9,052 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established food business offering pastries, cheeses, and gourmet French products near the beach and marina.
Where is this conventional restaurant located?
The property is located at 2915 E Las Olas Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 5,414‑square‑foot restaurant property; Authentic French bakery offering pastries, cheeses, and gourmet French food; 7 staff members in place
