Mixed-Use Property in Coastal
3345-3347 NE 32nd Ave, Fort Lauderdale, FL 33308
For Sale
Contact for pricing
Mixed-use property with retail and residential units in Fort Lauderdale.
Property Size3,612 SF
Price / SF$400
Days on Market244
Property Features for 3345-3347 NE 32nd Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Blanca Commercial Real Estate, Inc.
Listed By:
Cary Cohen · License FL SL3069720
(954) 336-9287
Source:
Crexi
Added: Mar 16
Changed: Nov 8
Last Checked: Nov 12 at 6:44AM
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 Blanca Commercial Real Estate, Inc.
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.
Galt Ocean Place is a mixed-use property featuring approximately 3,612 square feet of space. It includes ground-floor retail space and two residential units on the second floor. Located in Fort Lauderdale’s North Beach Restaurants and Shoppes district, the property benefits from a coastal location. The current tenancy is month-to-month, presenting an opportunity for owner-users seeking a coastal location or investors looking to reposition the asset with new tenants. The Community Business zoning (CB) allows for various potential uses, supporting multiple operating and tenancy strategies. The property is situated within a walkable coastal corridor with a high concentration of high-rise condominiums, providing an affluent customer base. This environment supports demand for retail and professional services. The mixed-use configuration and zoning allowances make this property a compelling acquisition.
Key Highlights
- Irreplaceable coastal location in Fort Lauderdale's North Beach Restaurants and Shoppes district.
- Mixed‑use property with ground‑floor retail and two residential units.
- Flexible Community Business (CB) zoning allows for a myriad of potential uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,426
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,520
$1.1M
Cap Rate 7%
$791,800
$791.8K
Cap Rate 9%
$615,844
$615.8K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$95.4K $26.40/SF
− Vacancy
−$6.7K −$1.85/SF
EGI
$88.7K $24.55/SF
− OpEx
−$33.3K −$9.21/SF
NOI
$55.4K $15.34/SF
Area
Fort Lauderdale, FL
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,520
Cap Rate 7%
$791,800
Cap Rate 9%
$615,844
Alternative Uses
Best Use
Mixed Use
$791.8K
$692.8K – $923.8K
NOI $55,426 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,908 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Fort Lauderdale, FL
Properties on Market for Mixed-use properties in Fort Lauderdale
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in Fort Lauderdale.
Where is this mixed-use property located?
The property is located at 3345-3347 NE 32nd Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,444,800.
What are key features of this property?
This property features: Irreplaceable coastal location in Fort Lauderdale's North Beach Restaurants and Shoppes district.; Mixed‑use property with ground‑floor retail and two residential units.; Flexible Community Business (CB) zoning allows for a myriad of potential uses.
