416 1St Ave Fort Lauderdale, FL 33301
- Retail properties
- 2,050 SF
Current Use by Public Records
- Angelsoftluxury / Clothing Store
- Rocket Roofing & Repair / Roofing Contractor
- Blink Charging Station / Electric Vehicle Charging Station
- Lashes by Tami / Eyelash Salon
- DepartamentoFortLaudardale / Hotel
Property Details for 416 1St Ave
- Year built
- 2021
- Property size
- 2,050 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 2,050-square-foot restaurant space is ideally situated in the heart of downtown Fort Lauderdale, Florida, at 416 SW 1st Ave, 33301. Built in 2021, this end-cap unit boasts prominent frontage and signage on Andrews Avenue, offering unparalleled visibility. Located just one block from Las Olas Boulevard, the property benefits from a high concentration of office and residential units, creating a substantial captive consumer base. The space includes an outdoor patio, perfect for creating a vibrant and inviting atmosphere. The lease is a NNN format with a base rent of $12 per square foot. The total rent is $40 per square foot. The property is zoned RAC-CC and is available for immediate occupancy. This location is within the thriving S.O.L.O. District (South of Las Olas), known for its recent growth and influx of new residents and businesses. The property's lush landscaping provides a rare opportunity for an outdoor seating area in a bustling urban setting. Furthermore, the building features Class A apartments upstairs, and thousands of market-rate apartments and high-end residential condos are within walking distance. This presents a unique chance to establish a thriving business in a dynamic and rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1441
- Latitude
- 26.1172
