Mixed-Use Property with
For Sale
$2,900,000
2990 W Sunrise Boulevard, Fort Lauderdale, FL 33311
Two commercial buildings—a liquor store and lounge, plus a restaurant—sit along Sunrise Boulevard near the Sunrise Swap Shop.
Property Size7,783 SF
Price / SF$372.61
Days on Market237
Property Features for 2990 W Sunrise Boulevard
General Information
Standard status
Active
Size
7,783 SF
Property subtype
Business
Site & Location
Traffic Count
52,000 vehicles/day
Road Access
Yes
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$21,256
Amenities
revenue-producing billboard
Building Details
Building Size
7,783 SF
Year Built
1968
Buildings
2
Listing Agency:
EXP Realty LLC
Listed By:
Claudienne R Hibbert · License #3022949
(786) 229-6567
Source:
Dangelorealty
Added: Mar 4
Changed: Oct 26
Last Checked: Oct 26 at 2:39PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two commercial buildings: a 5,625-square-foot liquor store and lounge, and a 2,205-square-foot restaurant. The liquor store and lounge has operated in the area since 1970. The property was built in 1968 and also includes a revenue-producing billboard.
Fronting Sunrise Boulevard in Broward County, the site is near the Sunrise Swap Shop. Annual Average Daily Traffic on the boulevard is estimated at 52,000 vehicles.
Fronting Sunrise Boulevard in Broward County, the site is near the Sunrise Swap Shop. Annual Average Daily Traffic on the boulevard is estimated at 52,000 vehicles.
Key Highlights
- Two commercial buildings: a 5,625‑square‑foot liquor store and lounge, and a 2,205‑square‑foot restaurant
- Revenue‑producing billboard included
- Frontage on Sunrise Boulevard, with estimated Annual Average Daily Traffic of 52,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,681
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,133,620
$3.1M
Cap Rate 7%
$2,238,300
$2.2M
Cap Rate 9%
$1,740,900
$1.7M
Market Conditions
NOI Build-Up for 7,783 SF
Gross rent
$224.2K $28.80/SF
− Vacancy
−$15.2K −$1.96/SF
EGI
$208.9K $26.84/SF
− OpEx
−$52.2K −$6.71/SF
NOI
$156.7K $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%
$3,133,620
Cap Rate 7%
$2,238,300
Cap Rate 9%
$1,740,900
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,681 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$1.98M
$1.73M – $2.31M
NOI $138,639 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M
NOI $366,112 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
52,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Family Dollar
Shops & Services
17,209 visits/mo
0.3 miles
Exxon
Shops & Services
13,242 visits/mo
0.2 miles
KFC
Dining
12,336 visits/mo
0.1 miles
Marathon
Shops & Services
10,750 visits/mo
0.1 miles
Dunkin' Donuts
Dining
4,374 visits/mo
0.2 miles
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial buildings—a liquor store and lounge, plus a restaurant—sit along Sunrise Boulevard near the Sunrise Swap Shop.
Where is this mixed-use property located?
The property is located at 2990 W Sunrise Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Two commercial buildings: a 5,625‑square‑foot liquor store and lounge, and a 2,205‑square‑foot restaurant; Revenue‑producing billboard included; Frontage on Sunrise Boulevard, with estimated Annual Average Daily Traffic of 52,000 vehicles
