Two-Story Irish Pub with Private
For Sale
$1,950,000
3045 N Federal Highway Unit 4, Fort Lauderdale, FL 33306
Two-story pub includes a commercial kitchen, two full bars, and a private lounge plus a 4COP alcohol license.
Property Size3,467 SF
Price / SF$562.45
Days on Market28
Property Features for 3045 N Federal Highway Unit 4
General Information
Standard status
Active
Size
3,467 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
commercial kitchen
two full bars
private lounge space
sound system
stage
custom lounge
security camera system
secure access points
Building Details
Year Built
1958
Year Renovated
2025
Stories
2
Listing Agency:
The Keyes Company
(323) 540-8339
Listed By:
Rudy Artavia · License #B26057109
(323) 540-8339
Source:
Lehmannflorida
Added: Jul 27
Changed: Aug 23
Last Checked: Aug 23 at 6:20AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
Kelly’s Irish Pub at 3045 North Federal Highway, Suite #32, is a two-story bar and lounge concept with a flexible interior layout for hosting and events. The property includes a commercial kitchen, two full bars, a sound and stage area downstairs, and a custom lounge upstairs, with secure access points for each floor. A 4COP alcohol license is included in the sale, along with the property contents.
The building offers prominent storefront and signage exposure along North Federal Highway, including intersection frontage at E Oakland Park Boulevard. The site is described as providing visibility to over 82,000 vehicles passing by each day. The property was renovated in 2025 and includes an in-place security camera system.
Built in 1958, this offering is positioned for a bar-and-lounge tenant seeking an established operational layout with the enclosed improvements and license included.
The building offers prominent storefront and signage exposure along North Federal Highway, including intersection frontage at E Oakland Park Boulevard. The site is described as providing visibility to over 82,000 vehicles passing by each day. The property was renovated in 2025 and includes an in-place security camera system.
Built in 1958, this offering is positioned for a bar-and-lounge tenant seeking an established operational layout with the enclosed improvements and license included.
Key Highlights
- Includes 4COP alcohol license plus property and contents
- Two full bars with sound and stage downstairs
- Custom lounge upstairs with secure access points for each floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,395,900
$1.4M
Cap Rate 7%
$997,071
$997.1K
Cap Rate 9%
$775,500
$775.5K
Market Conditions
NOI Build-Up for 3,467 SF
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.
Gross rent
$99.8K $28.80/SF
− Vacancy
−$6.8K −$1.96/SF
EGI
$93.1K $26.84/SF
− OpEx
−$23.3K −$6.71/SF
NOI
$69.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,395,900
Cap Rate 7%
$997,071
Cap Rate 9%
$775,500
Alternative Uses
Best Use
Specialty Retail
$997.1K
$872.4K – $1.16M
NOI $69,795 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,088 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
371k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 32%
Groceries 17%
Leisure 8%
Target
Superstores
124,273 visits/mo
0.2 miles
Publix
Groceries
47,167 visits/mo
0.3 miles
Chick-fil-A
Dining
44,956 visits/mo
0.3 miles
AMC Dine-In Coral Ridge 10
Leisure
30,446 visits/mo
0.3 miles
Pollo Tropical
Dining
19,290 visits/mo
0.3 miles
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
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?
Bar & Pub - Two-story pub includes a commercial kitchen, two full bars, and a private lounge plus a 4COP alcohol license.
Where is this bar & pub located?
The property is located at 3045 N Federal Highway Unit 4 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Includes 4COP alcohol license plus property and contents; Two full bars with sound and stage downstairs; Custom lounge upstairs with secure access points for each floor
