511 5Th Ave Fort Lauderdale, FL 33301
- Investment properties
- 1,780 SF
Current Use by Public Records
- Askaneli Premium Georgian and International Restaurant / Caterer / Banquet Hall
- The MRL Group / Advertising Agency
- Career Activation / Employment Center
- Kunstler Plus / Manufacturer / Door Shop
- Riverwalk South Outdoor Chess Table / Chess Club
Property Details for 511 5Th Ave
- Year built
- 2005
- Construction
- CONCRETE
- Property size
- 1,780 SF
- Zone code
- RAC-CC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 50-42-10-BF-0130
- APU
- 504210BF0130
Description
Exceptional opportunity to acquire three contiguous office spaces totaling 4,540 square feet in a prime Fort Lauderdale location. This 2005-built property, situated at 511 SE 5th Ave #11, comprises three units (11, 9, and 8) with individual folio numbers, offering flexibility and potential for various business configurations. Unit 11 boasts 1,730 square feet, unit 9 offers 1,349 square feet, and unit 8 encompasses 1,461 square feet. The combined annual association fee is $5,642, broken down as $2,205 for unit 11, $1,645 for unit 9, and $1,792 for unit 8. The property features a modern design with high-end finishes, including a spacious common area with over 12-foot ceilings, a fully equipped kitchen, two bathrooms, and a high-end conference room. The building offers 24-hour security and is ideally located near downtown Fort Lauderdale, Las Olas Boulevard, and the waterfront, providing excellent visibility and accessibility. The ample space allows for more than eight individual workspaces and offers the potential for a client recreation area. This is a rare opportunity to own a substantial and well-appointed office complex in a highly desirable location. The asking price for this exceptional property is $1,900,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $420,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $320,000
- Mixed-Use
- $410,000
- Hospitality
- $360,000
- Educational
- $345,000
- Residential Income
- $370,000
- Energy
- $350,000
- Income-Based Land
- $440,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1388
- Latitude
- 26.1164
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
