Nightclub with Outdoor
New
For Sale
$2,500,000
3073 NE 6TH Avenue, Wilton Manors, FL 33334
Commercial Sale, Wilton Manors, FL
Property Size4,756 SF
Lot Size0.36 Acres
Price / SF$525.65
Days on Market2
Property Features for 3073 NE 6TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Parking
30
Subdivision
3370
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
494227290053
Size
4,756 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVER TERRACE-RESUB 36-45 B PARCEL C S 100 OF N 200,LESS E 5 FOR R/W
Tax Annual Amount
19225
Legal Description
RIVER TERRACE-RESUB 36-45 B PARCEL C S 100 OF N 200,LESS E 5 FOR R/W
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
indoor bar and entertainment areas
dance floor
Building Details
Year built
1962
Floors in Building
1
Flooring type
Tile
Roof type
Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Joseph B Bermingham · License #653580
(561) 703-0064
Added: Oct 3
Changed: Oct 4
Last Checked: Oct 4 at 1:06AM
MLS# B26083781
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,756-square-foot nightlife property on a 0.36-acre site includes indoor bar and entertainment areas, a dance floor and an outdoor patio. The 1962 building has tile flooring, central air conditioning and central electric heating. The property is zoned LI and is served by public water and sewer, with electricity available.
The sale encompasses the real estate and the Scandals Saloon business, along with furniture, fixtures and equipment. An owned 4COP liquor license is included, subject to inventory verification and applicable transfer approvals.
The sale encompasses the real estate and the Scandals Saloon business, along with furniture, fixtures and equipment. An owned 4COP liquor license is included, subject to inventory verification and applicable transfer approvals.
Key Highlights
- 4,756 square feet on a 0.36‑acre site
- Indoor bar and entertainment areas, dance floor and outdoor patio
- Sale includes the Scandals Saloon business, furniture, fixtures and equipment
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
$91,558
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
3.66%
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%
$1,831,160
$1.8M
Cap Rate 7%
$1,307,971
$1.3M
Cap Rate 9%
$1,017,311
$1.0M
Market Conditions
NOI Build-Up for 4,756 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
$131.3K $27.60/SF
− Vacancy
−$9.2K −$1.93/SF
EGI
$122.1K $25.67/SF
− OpEx
−$30.5K −$6.42/SF
NOI
$91.6K $19.25/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$27.60 /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%
$1,831,160
Cap Rate 7%
$1,307,971
Cap Rate 9%
$1,017,311
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.53M
NOI $91,558 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.82M
NOI $168,904 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,977
Businesses Nearby
157k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 24%
Dining 18%
Apparel 9%
Publix
Groceries
28,296 visits/mo
0.5 miles
Aldi
Groceries
23,300 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
14,302 visits/mo
0.1 miles
Goodwill
Apparel
14,265 visits/mo
0.4 miles
Checkers
Dining
9,744 visits/mo
0.1 miles
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Night club - The transaction includes the established bar business, furnishings, equipment and an owned 4COP liquor license, subject to transfer approvals.
Where is this night club located?
The property is located at 3073 NE 6TH Avenue Wilton Manors, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 4,756 square feet on a 0.36‑acre site; Indoor bar and entertainment areas, dance floor and outdoor patio; Sale includes the Scandals Saloon business, furniture, fixtures and equipment
