Technical
Financial
Distress signals
Property profile

416 1St Ave Fort Lauderdale, FL 33301

OFF-MARKET
Retail properties & Spaces
2,050 SF Built 2021
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 2,050 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store
  • Roofing Company General Contractor
  • Electric Vehicle Charging Station
  • Hair Salon
  • Hotel & Motel

Location

416 1St Ave Fort Lauderdale, FL 33301
Fort Lauderdale metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 416 1St Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message