Mixed-Use Redevelopment
540 NW 20th Avenue Fort Lauderdale, FL 33312
540 NW 20th Avenue, Fort Lauderdale, FL, 33312
$1,900,000
For Sale
$1,900,000
For-sale mixed-use property in Fort Lauderdale offered for redevelopment within the Sistrunk redevelopment district.
Property Size9,263 SF
Price / SF$205.12
Days on Market51
Property Features for 540 NW 20th Avenue
General Information
- Standard status
- Active
- Size
- 9,263 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
UNITED REALTY GROUP INC.
Listed by
JOSEPH HARGRO · License #B26035857
Source
Corcoran
Added: Jun 2 Updated: Jul 21 at 3:47AM Checked: Jul 21 at 4:00AM
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.
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)
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.5k | $26.40 |
| − Vacancy | −$17.1k | −$1.85 |
| EGI | $227.4k | $24.55 |
| − OpEx | −$85.3k | −$9.21 |
| NOI | $142.1k | $15.34 |
9,263 SF · lease $26.40/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.80M
$3.33M – $4.44M
NOI $266,107 @ 7.0% cap · market cap 14.01%
Second Best
Mixed Use
$2.03M
$1.78M – $2.37M
NOI $142,141 @ 7.0% cap · market cap 7.48%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Royal Assembly
Church
Similar For Sale Nearby
FAQs
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)
