790 1St St Fort Lauderdale, FL 33311
- Auto shops
- 2,145 SF
- 0.48 lot acres
Current Use by Public Records
- Best Buy Repos inc / Used Car Dealer
Property Details for 790 1St St
- Year built
- 1978
- Construction
- CONCRETE
- Lot size
- 0.48 lot acres
- Property size
- 2,145 SF
- Zone code
- B-3
- Property type
- Auto shops
- APN
- 50-42-10-20-0380
- APU
- 504210200380
Description
This exceptional 10,000 square foot auto sales lot, located at 790 NW 1st St in downtown Fort Lauderdale, Florida (zip code 33311), presents a fantastic opportunity for car dealerships or related businesses. The property boasts a prime location in a heavily trafficked area, ensuring high visibility and potential customer reach. The lot is fully paved, fenced, and secure, providing a safe and controlled environment for vehicles. Ample parking is available, with space for up to 40 cars or trucks. A sales office is included within the property's footprint. The property is a single-tenant retail space specifically suited for auto sales, car lots, or similar automotive businesses. The asking rent is $8,000 NNN. The landlord is motivated to secure a suitable tenant and is open to rent improvement negotiations. This is a rare opportunity to acquire a well-situated and fully equipped auto sales lot in a thriving downtown location. The property's features, combined with its strategic location, make it an ideal investment for businesses seeking to establish or expand their operations in the Fort Lauderdale market. Contact us today to schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,260,000
- 6.5%
- $1,270,000
- 7%
- $1,165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,190,000
- Geo Method
- $1,405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,260,000
- Retail
- $1,540,000
- Mixed-Use
- $1,400,000
- Hospitality
- $1,275,000
- Educational
- $1,505,000
- Residential Income
- $1,380,000
- Energy
- $1,200,000
- Income-Based Land
- $1,475,000
- Food Service
- $1,430,000
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1517
- Latitude
- 26.1228
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
