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    700 Andrews Ave Fort Lauderdale, FL 33311

    Sponsored
    For Lease
    $35 SF/Yr ($17,062 /Mo)

    Prime Progresso location, build-to-suit option

    Lot size:
    5,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional freestanding retail building, totaling 5,850 square feet, presents a unique opportunity in Fort Lauderdale's desirable Progresso neighborhood. Situated on a prominent corner lot in Broward County, this property offers unparalleled visibility and accessibility. The building is currently available for lease as a whole (5,850 sq ft) or can be subdivided into two smaller spaces: 3,850 sq ft and 2,000 sq ft. The vibrant Progresso area is experiencing significant growth, boasting a thriving mix of restaurants, boutiques, breweries, coffee shops, and parks. This dynamic neighborhood is undergoing a transformation, fueled by the redevelopment of Searstown and surrounding areas, which are adding thousands of new apartment units in high-rise buildings. The property's 13,720 square foot lot provides ample space and potential for expansion or outdoor seating. The owner is willing to work with a restaurant user to create a build-to-suit space tailored to their specific needs, making this an ideal location for a new or expanding restaurant concept. This is a rare opportunity to establish a presence in a rapidly developing and highly sought-after area of Fort Lauderdale. The property's location and flexibility make it an attractive investment for discerning restaurant operators.

    Property Features for 700 Andrews Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,850 SF
    Total Rate
    17062.5

    Unit(s) available at that property

    Space
    Available Space A
    Size
    5,850 SF
    Rate per SF
    $35

    HighLights

    • 5,850 SF freestanding retail building in Fort Lauderdale's Progresso neighborhood.
    • Located on a corner lot with excellent visibility.
    • Multiple spaces available: 5,850 SF, 3,850 SF, and 2,000 SF.
    • Owner will build‑to‑suit for a restaurant user.
    • Situated in a vibrant area with numerous restaurants, boutiques, and breweries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Howes John R Attorney Abbe Cohn P.A. Attorney Samuel R Halpern ... Attorney Air Gourmet Caterer Marian Lindquist Pa: ... Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.144007156218
    Latitude
    26.132026837854

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    FAQs

    What type of property is this?
    Restaurant - Prime Progresso location, build-to-suit option
    Where is this restaurant located?
    The property is located at 700 Andrews Ave Fort Lauderdale, FL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 5,850 SF freestanding retail building in Fort Lauderdale's Progresso neighborhood.; Located on a corner lot with excellent visibility.; Multiple spaces available: 5,850 SF, 3,850 SF, and 2,000 SF.
    Request Owner's contact information
    700 Andrews Ave 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
    700 Andrews Ave Fort Lauderdale, FL 33311
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