700 Andrews Ave Fort Lauderdale, FL 33311
- Office buildings
- 4,910 SF
- 0.24 lot acres
Current Use by Public Records
- Howes John R / Attorney
- Abbe Cohn P.A. / Attorney
- Samuel R Halpern Pa / Attorney
- Air Gourmet / Caterer
- Marian Lindquist Pa: Lindquist Marian A / Attorney
Property Details for 700 Andrews Ave
- Year built
- 1967
- Construction
- CONCRETE
- Lot size
- 0.24 lot acres
- Property size
- 4,910 SF
- Zone code
- RAC-CC
- Property type
- Office buildings
- APN
- 50-42-10-65-0010
- APU
- 504210650010
Description
This exceptional freestanding retail building, totaling 5,850 square feet, presents a unique opportunity in Fort Lauderdale's desirable Progresso neighborhood. Situated on a prominent corner lot in Broward County, this property offers unparalleled visibility and accessibility. The building is currently available for lease as a whole (5,850 sq ft) or can be subdivided into two smaller spaces: 3,850 sq ft and 2,000 sq ft. The vibrant Progresso area is experiencing significant growth, boasting a thriving mix of restaurants, boutiques, breweries, coffee shops, and parks. This dynamic neighborhood is undergoing a transformation, fueled by the redevelopment of Searstown and surrounding areas, which are adding thousands of new apartment units in high-rise buildings. The property's 13,720 square foot lot provides ample space and potential for expansion or outdoor seating. The owner is willing to work with a restaurant user to create a build-to-suit space tailored to their specific needs, making this an ideal location for a new or expanding restaurant concept. This is a rare opportunity to establish a presence in a rapidly developing and highly sought-after area of Fort Lauderdale. The property's location and flexibility make it an attractive investment for discerning restaurant operators.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $460,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $415,000
- Mixed-Use
- $430,000
- Hospitality
- $365,000
- Educational
- $335,000
- Residential Income
- $345,000
- Energy
- $425,000
- Income-Based Land
- $375,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1429
- Latitude
- 26.1128
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
