Mixed-Use Redevelopment
For Sale
$1,900,000
540 NW 20th Avenue, Fort Lauderdale, FL 33312
For-sale mixed-use property in Fort Lauderdale offered for redevelopment within the Sistrunk redevelopment district.
Property Size9,263 SF
Days on Market149
Property Features for 540 NW 20th Avenue
General Information
Standard status
Active
Size
9,263 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Dyrv
Taxes and HOA fees
Annual Taxes
$1,916
Building Details
Building Size
9,263 SF
Year Built
1957
Listing Agency:
United Realty Group Inc.
Listed By:
Joseph Hargro · License #3498649
(954) 854-1915
Source:
Tylertuchow
Added: Jun 2
Changed: Oct 28
Last Checked: Oct 28 at 3:54PM
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 United Realty Group Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property is being offered for redevelopment purposes and strategic location within the Sistrunk redevelopment district. The asset is suited for a range of outcomes including office space, mixed-use development, multifamily housing, retail, or other income-producing ventures, subject to zoning and municipal approvals.
The property is located at 540 NW 20th Avenue in Fort Lauderdale and is positioned within an area that is actively developing with surrounding residential, commercial, and mixed-use projects. Public remarks indicate the location provides proximity to Downtown Fort Lauderdale, Brightline, Las Olas, major highways, and the beach.
Interested buyers should complete their own due diligence regarding zoning, permitted uses, density allowances, and applicable development requirements with the appropriate municipal authorities.
The property is located at 540 NW 20th Avenue in Fort Lauderdale and is positioned within an area that is actively developing with surrounding residential, commercial, and mixed-use projects. Public remarks indicate the location provides proximity to Downtown Fort Lauderdale, Brightline, Las Olas, major highways, and the beach.
Interested buyers should complete their own due diligence regarding zoning, permitted uses, density allowances, and applicable development requirements with the appropriate municipal authorities.
Key Highlights
- For‑sale mixed‑use property in Fort Lauderdale offered for redevelopment in the Sistrunk redevelopment district
- Year built: 1957
- Potential uses include office space, mixed‑use development, multifamily housing, retail, or other income‑producing ventures (subject to zoning and approvals)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,141
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,842,820
$2.8M
Cap Rate 7%
$2,030,586
$2.0M
Cap Rate 9%
$1,579,344
$1.6M
Market Conditions
NOI Build-Up for 9,263 SF
Gross rent
$244.5K $26.40/SF
− Vacancy
−$17.1K −$1.85/SF
EGI
$227.4K $24.55/SF
− OpEx
−$85.3K −$9.21/SF
NOI
$142.1K $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%
$2,842,820
Cap Rate 7%
$2,030,586
Cap Rate 9%
$1,579,344
Alternative Uses
Best Use
Mixed Use
$2.03M
$1.78M – $2.37M
NOI $142,141 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.22M
$5.45M – $7.26M
NOI $435,732 @ 7.0% cap · market cap 22.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
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Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - For-sale mixed-use property in Fort Lauderdale offered for redevelopment within the Sistrunk redevelopment district.
Where is this mixed-use property located?
The property is located at 540 NW 20th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: For‑sale mixed‑use property in Fort Lauderdale offered for redevelopment in the Sistrunk redevelopment district; Year built: 1957; Potential uses include office space, mixed‑use development, multifamily housing, retail, or other income‑producing ventures (subject to zoning and approvals)
