Freestanding Multi-Tenant
815 NE 13th Street Fort Lauderdale, FL 33304
For Sale
$4,900,000
Three-suite freestanding building includes an operating coffee shop and barber salon plus a former restaurant with drive-thru and patio.
Property Size8,495 SF
Lot Size0.62 Acres
Price / SF$576.81
Days on Market186
Property Features for 815 NE 13th Street
General Information
Standard status
Active
Size
8,495 SF
Lot size
0.62 Acres
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
COLDWELL BANKER REALTY
(954) 847-5000
Listed By:
TIMOTHY J SINGER · License #F10547944
Source:
Corcoran
Added: Jan 22
Changed: Jul 23
Last Checked: Jul 27 at 9:06AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
A freestanding, multi-tenant commercial property featuring three distinct commercial suites within an approximately 18,495 SF building. Two suites are currently operating under long-term leases: a boutique barber salon and a coffee shop. The former Milk Money restaurant suite includes a fully built-out commercial kitchen, a substantial bar, outdoor patio space, and drive-thru capability.
The restaurant space is currently available and may be leased as a single approximately 5,700 SF premises or divided into two separate suites: a front space with built-in bar and customer seating areas (approximately 2,648 SF), and a rear space with the commercial kitchen and restaurant infrastructure plus drive-thru capability (approximately 3,052 SF). The property includes ample onsite parking, strong visibility and street presence, and flexible commercial layouts with existing ingress and egress.
Located at 815 NE 13th Street in Fort Lauderdale, the property is minutes from Downtown Fort Lauderdale and nearby destinations including Las Olas Boulevard, Flagler Village, Victoria Park, Wilton Manors, Fort Lauderdale Beach, Federal Highway (US-1), and I-95. Owner financing may be available to qualified buyers, and lease opportunities are also available. Showings are strictly by appointment only; please do not disturb tenants or customers. All information is deemed reliable but not guaranteed; buyers should independently verify all matters deemed material.
The restaurant space is currently available and may be leased as a single approximately 5,700 SF premises or divided into two separate suites: a front space with built-in bar and customer seating areas (approximately 2,648 SF), and a rear space with the commercial kitchen and restaurant infrastructure plus drive-thru capability (approximately 3,052 SF). The property includes ample onsite parking, strong visibility and street presence, and flexible commercial layouts with existing ingress and egress.
Located at 815 NE 13th Street in Fort Lauderdale, the property is minutes from Downtown Fort Lauderdale and nearby destinations including Las Olas Boulevard, Flagler Village, Victoria Park, Wilton Manors, Fort Lauderdale Beach, Federal Highway (US-1), and I-95. Owner financing may be available to qualified buyers, and lease opportunities are also available. Showings are strictly by appointment only; please do not disturb tenants or customers. All information is deemed reliable but not guaranteed; buyers should independently verify all matters deemed material.
Key Highlights
- 3 commercial suites in an 8,495 SF freestanding building on a 27,094 SF lot
- Former Milk Money restaurant space (approx. 5,700 SF) includes fully built‑out commercial kitchen, substantial bar, and outdoor patio
- Restaurant space offers rare drive‑thru capability; front space approx. 2,648 SF and rear space approx. 3,052 SF can be leased separately
Financial Insights For Specialty Retail
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 | $244.7k | $28.80 |
| − Vacancy | −$16.6k | −$1.96 |
| EGI | $228.0k | $26.84 |
| − OpEx | −$57.0k | −$6.71 |
| NOI | $171.0k | $20.13 |
8,495 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.44M
$2.14M – $2.85M
NOI $171,015 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.71M
$5.00M – $6.66M
NOI $399,605 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Three-suite freestanding building includes an operating coffee shop and barber salon plus a former restaurant with drive-thru and patio.
Where is this drive through restaurant located?
The property is located at 815 NE 13th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 3 commercial suites in an 8,495 SF freestanding building on a 27,094 SF lot; Former Milk Money restaurant space (approx. 5,700 SF) includes fully built‑out commercial kitchen, substantial bar, and outdoor patio; Restaurant space offers rare drive‑thru capability; front space approx. 2,648 SF and rear space approx. 3,052 SF can be leased separately
