Technical
Financial
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Property profile

11 N Andrews Ave Fort Lauderdale, FL 33301

FOR LEASE
Auto shops
Property ID
US18-3969904
9,010 SF 0.45 ac lot Built 1967
Entity Owned 2-yr Hold Free & Clear
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11 N Andrews Ave, Fort Lauderdale, FL 33301 For Lease
$9,050,000 9,010 SF available
11 N Andrews Ave, Fort Lauderdale, FL 33301
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Property summary

AI-generated overview

This 9,010-square-foot freestanding building in downtown Fort Lauderdale offers a unique blend of retail and industrial space. Situated on a 26,500-square-foot lot at the highly visible intersection of Broward Boulevard and Andrews Avenue, this property boasts unparalleled visibility and accessibility. Built in 1970, the building features 30 parking spaces and is zoned RAC-CC, allowing for a wide variety of uses. The space includes five at-grade overhead doors with lifts, ideal for automotive or similar uses, along with a retail component and additional warehouse/flex space. Its prime location places it within walking distance of Las Olas Boulevard, the Riverwalk, and numerous residential and office buildings, as well as the Fort Lauderdale Brightline Station. The flexible zoning allows for potential uses such as a gym, retail space, office, or other permitted uses, subject to application and code compliance. This property presents an exceptional opportunity for businesses seeking a high-profile location in the heart of Fort Lauderdale's central business district. The former automotive use provides existing infrastructure that can be adapted to a variety of new uses. This is a rare opportunity to secure a prominent location in a thriving urban environment.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1967
Construction CONCRETE
Total area 9,010 SF
Lot 0.45 ac (19,500 SF)
Zoning code RAC-CC
APN 50-42-10-01-1960
UPID US18-3969904

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist

Location

11 N Andrews Ave Fort Lauderdale, FL 33301
Fort Lauderdale metro Census 41601 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.61M
Blend (final) Blend
$9.05M

Owner & transaction history

since 2023
Last sale
$8.0M
2 recorded transactions
2023
$8.0M
1988
Price N/A

Zoning & alternative use

RAC-CC · Fort Lauderdale, FL
Zoning description

ned Development District PEDD - Port Everglades Development District PRD - Planned Resort Development District PUD - Planned Unit Development R-1-C - County R-2 - County R-4 - County RAC-AS - Arts and Sciences Districts…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $8.8M +20.6%
Office building $7.9M +8.3%
Restaurant $7.7M +5.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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