701 Las Olas Blvd Fort Lauderdale, FL 33312
- Turn key restaurants
- 1,367 SF
- 0.21 lot acres
Current Use by Public Records
- The Chimney House - Grill & Cafe / Restaurant / Spanish Restaurant
- Coomi / Jewelry Store
- The Inspiration Co. / Jewelry Store
- Sébastien Larochelle / Artist
Property Details for 701 Las Olas Blvd
- Year built
- 1944
- Construction
- CONCRETE
- Lot size
- 0.21 lot acres
- Property size
- 1,367 SF
- Zone code
- RAC-AS
- Property type
- Turn key restaurants
- APN
- 50-42-10-28-0381
- APU
- 504210280381
Description
This exceptional investment opportunity presents three office units totaling 4,376 square feet, ideally situated at 701 W Las Olas Boulevard in Fort Lauderdale, Florida, 33312. The property boasts a highly desirable location, offering unparalleled convenience and accessibility. Its prime position places it within walking distance of the Broward Center for the Performing Arts and the scenic waterway, ensuring high visibility and attracting a diverse clientele. The proximity to Himmarshee Village further enhances its appeal, providing easy access to a vibrant hub of restaurants, shops, and entertainment. The asking price for this exceptional property is $1,900,000. The building consists of three separate units, offering flexibility for various business needs or potential for future development. Please note that the lot size is not specified and existing tenants should not be disturbed. This presents a rare chance to acquire a well-located, established office property in a thriving area of Fort Lauderdale. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $460,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $470,000
- Retail
- $420,000
- Mixed-Use
- $415,000
- Hospitality
- $535,000
- Educational
- $470,000
- Residential Income
- $490,000
- Energy
- $470,000
- Income-Based Land
- $510,000
- Food Service
- $550,000
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1506
- Latitude
- 26.1191
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
