1091 4Th Ave Fort Lauderdale, FL 33304
This exceptional 0.43-acre commercial land parcel in Fort Lauderdale, Florida, presents a remarkable investment opportunity. Located at 1091 NE 4th Ave, this corner lot boasts 180 feet of frontage on a high-traffic artery (18,100 vehicles per day), ensuring excellent visibility and accessibility. The property is zoned CB and includes 13 existing parking spaces, supplemented by an additional 47 spaces in a shared lot with an adjacent parcel, providing ample parking for customers and employees. The strategic location at a signaled intersection, combined with shared parking and cross-access with Sherwin-Williams, facilitates smooth ingress and egress. Its proximity to a Home Depot further enhances its appeal to potential tenants. Approved plans exist for a 6,000 square foot building. This property is situated in an Opportunity Zone, offering significant tax advantages. The location is highly desirable, within a short distance of Flagler Village's new developments, and minutes from MASS District, FAT Village, Las Olas, Sistrunk, and Wilton Drive. Fort Lauderdale Beach and Oakland Park are also easily accessible, within a 10-minute drive. Major transportation arteries, including I-95 and the Florida Turnpike, are conveniently located nearby, providing easy access to all of South Florida. The property serves numerous desirable neighborhoods, including Middle River, Progresso Village, Flagler Village, Wilton Manors, and Victoria Park. The asking price is $1,990,000. APN: 4942 34 04 8590.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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