416 1St Ave Fort Lauderdale, FL 33301
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.