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    1905 21St Ave Fort Lauderdale, FL 33311

    Sponsored
    For Sale
    $240,000

    High-Traffic Grocery & Meat Market, Great Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional corner lot retail property in Fort Lauderdale, Florida, presents a lucrative investment opportunity. Located at 1905 NW 21st Ave, 33311, this established grocery store and meat market boasts a prime location with significant street frontage: 175 feet on 21st Avenue and 158 feet on 19th Street. Built in 1958, the property includes a convenient bathroom and office space. The business currently employs three people and offers a diverse range of services including lottery tickets and sports betting. A significant portion of the revenue is generated from leased machines, with profit sharing agreements ranging from 50% to 80%. An ATM is also on-site. The property features a fenced area and ample parking, catering to the high volume of traffic generated by its coveted corner location. A long-term lease is in place. Inventory is included in the sale price of $240,000. The business's potential for visa acquisition is a noteworthy advantage. Note: A non-disclosure agreement is required for access to detailed financial information.

    Property Features for 1905 21St Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1958

    HighLights

    • $240,000 asking price for a Fort Lauderdale retail property.
    • 1958‑built convenience store, restaurant, and bar combination.
    • Includes inventory, three employees, and a CBD license.
    • Features lottery ticket sales, sports betting, and an ATM.
    • Corner lot with 175 ft of frontage on 21st Ave and 158 ft on 19th St.
    • Long‑term lease in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ortiz Fresh Market Supermarket Harrison’s Market Supermarket U-Haul Neighborhood Dealer Truck Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.170897
    Latitude
    26.151504

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    FAQs

    What type of property is this?
    Restaurant - High-Traffic Grocery & Meat Market, Great Investment
    Where is this restaurant located?
    The property is located at 1905 21St Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: $240,000 asking price for a Fort Lauderdale retail property.; 1958-built convenience store, restaurant, and bar combination.; Includes inventory, three employees, and a CBD license.
    Request Owner's contact information
    1905 21St Ave Fort Lauderdale, FL 33311
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    Fort Lauderdale, FL 33311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1905 21St Ave Fort Lauderdale, FL 33311
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