Property summary
This exceptional 55,810 square foot, single-story retail and office center in Fort Lauderdale's Galt Ocean Mile boasts 17 suites and ample parking (73 spaces). Built in 1958 and renovated in 2007, the property sits on 1.22 acres with a 1.05 FAR and is zoned CB. Currently, there are 1,730 square feet of vacant space available, including a turnkey 770-960 square foot former salon space complete with existing salon fixtures. The remaining vacancy is suitable for retail, office, or medical use. The property benefits from a prime location just off A1A, providing exceptional visibility and accessibility. With over 30,000 vehicles per day passing on A1A and over 32,000 on nearby Oakland Park Boulevard, this location offers high traffic counts. Long-term tenants are in place, ensuring a stable income stream. The Galt Ocean Mile area is characterized by high-rise condominiums and luxury dwellings, resulting in a high average household income significantly exceeding the national average and corresponding high consumer spending. This presents a unique opportunity to capitalize on the affluent demographic and strong retail environment of this desirable location. The property's Class C designation reflects its solid foundation and potential for further enhancement.
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6 recent transactions · within 1.5 miComparable in this City
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