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    123 Main St Plantation, FL 33317

    Sponsored
    For Sale
    $4,300,000

    High-Visibility Auto Shop, Great Redevelopment Potential

    Property size:
    10,479 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses a thriving auto repair business and its accompanying real estate in Plantation, Florida. The property, located at 123 Main St, Fort Lauderdale, FL 33317, boasts a prime location on a busy road with high visibility in a densely populated area of Broward County. The 1.13-acre lot features three buildings totaling 10,479 square feet, including a 7,300 square foot main repair shop equipped with six bays, six car lifts, and two external truck lifts. A 13,000 square foot fenced lot provides ample overnight car storage. An additional 3,300 square foot building is currently leased, with potential for vacancy. The property is zoned B-HC, offering versatile redevelopment options including retail, quick-service restaurants, urgent care facilities, and multi-family housing. The established auto repair business, operating for over 35 years, presents a strong owner-user opportunity or a lucrative investment prospect. The asking price is $4,300,000, with a 7.76% cap rate and a net operating income (NOI) of $333,500. Seller financing is available. This fee-simple property represents a rare combination of established income and significant future development potential in a high-demand location. The property's Class C designation reflects its current condition, offering an investor the chance to add value through improvements or redevelopment.

    Property Features for 123 Main St

    General Information

    Property type
    Automotive properties
    Square Feet
    10,479 SF
    Class
    C
    Lot Size
    49,223 SF

    Building Details

    Buildings
    3
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.2209773
    Latitude
    26.1218038

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    FAQs

    What type of property is this?
    Automotive property - High-Visibility Auto Shop, Great Redevelopment Potential
    Where is this automotive property located?
    The property is located at 123 Main St Plantation, FL.
    What is the asking price?
    The asking price for this property is $4,300,000.
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    123 Main St Plantation, FL 33317
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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
    123 Main St Plantation, FL 33317
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