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Bar and Restaurant Property
For Sale
$4,250,000

702-704 NE 1st Ave, Fort Lauderdale, FL 33304

Vacant restaurant space near Las Olas Boulevard and Downtown Central Business District, positioned within Flagler Village.

Property SizeContact for details
Days on Market693

Property Features for 702-704 NE 1st Ave

General Information

Standard status Active
Property subtype General Commercial

Amenities

3
11156

Building Details

Year Built 1964
Listing Agency: Native Realty Co.
Listed By: Jaime Sturgis · License #3246270
Source: Xome
Added: Oct 8, 2024 Changed: Aug 30 Last Checked: Aug 30 at 2:23PM

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 Native Realty Co.

Investment Insights

Based on property information with market context.

This restaurant property includes an existing bar-and-restaurant configuration and is scheduled for delivery vacant. Built in 1964, the asset offers a previously established setting for restaurant or bar operations without an occupied tenancy in place.

The property is located at 702-704 NE 1st Ave in Fort Lauderdale’s Flagler Village, between the planned Hines FAT Village and AIMCO’s Searstown redevelopments. Las Olas Boulevard and the Downtown Central Business District are nearby, while several thousand residential units are within walking distance. The location places the property within an active urban setting supported by nearby residential and redevelopment activity.

Key Highlights

  • Existing bar‑and‑restaurant configuration delivered vacant
  • 1964 construction
  • 702‑704 NE 1st Ave, Fort Lauderdale, FL 33304

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Fish Market Butcher Clothing & Fashion Store Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,302
Businesses Nearby
288k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 29% Groceries 24% Home Improvements & Furnishings 21% Dining 18%
The Home Depot Home Improvements & Furnishings
57,435 visits/mo 0.5 miles
McDonald's Dining
31,062 visits/mo 0.3 miles
Wawa Shops & Services
28,758 visits/mo 0.4 miles
Aldi Groceries
24,854 visits/mo 0.4 miles
Winn-Dixie Groceries
23,542 visits/mo 0.3 miles

Demographics for 33304, FL

19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value

Market

Vacancy Rate% for Retail in Fort Lauderdale, FL

5.1% 2019
6.8% 2020
5.3% 2021
3.9% 2022
3.8% 2023
4.9% 2024
4.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Vacant restaurant space near Las Olas Boulevard and Downtown Central Business District, positioned within Flagler Village.
Where is this conventional restaurant located?
The property is located at 702-704 NE 1st Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Existing bar‑and‑restaurant configuration delivered vacant; 1964 construction; 702‑704 NE 1st Ave, Fort Lauderdale, FL 33304
More about this property
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