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1100 4th Ave Fort Lauderdale, FL 33304-1923

OFF-MARKET Retail space Google Maps
2,580 SF 0.14 ac lot Built 1954
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$690k
Range $621k – $759k (±10%)
Property ID US18-4431925

Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving Mediterranean and Turkish restaurant for sale in Fort Lauderdale's vibrant Flagler Village neighborhood. Located on a prominent hard corner at 1100 NE 4th Ave, this 2,580 square foot, single-story building boasts high visibility from Sunrise Boulevard. Built in 1954, the property (APN 494234040590) has undergone recent renovations, including fresh paint and new windows, enhancing its modern appeal. Currently operating at 100% occupancy, the restaurant offers a casual dining experience and catering services, featuring a menu of handmade pizzas, crispy chicken wings, chicken gyros, and homemade baklavas. Its prime location, just blocks from Downtown Fort Lauderdale, within a rapidly developing area similar to Wynwood, ensures a large and consistent customer base. This turnkey operation presents a unique chance to acquire a successful, established restaurant with significant growth potential. The sale includes the business and the building. This is a rare opportunity to own a family-owned restaurant in a high-demand location. Don't miss out on this chance to turn culinary dreams into substantial profits.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Construction CONCRETE
Total area 2,580 SF
Lot 0.14 ac (6,250 SF)
Zoning code CB
APN 49-42-34-04-0590
UPID US18-4431925

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
  • Counselor
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
$705k
Comparable Approach Comparable
$692k
Blend (final) Blend
$690k

Owner & transaction history

since 2022
Last sale
$1.1M
1 recorded transaction
2022
$930,000

Zoning & alternative use

CB · Fort Lauderdale, FL
Zoning description

istricts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3 - County B-3 - Heavy Commercial/Light Industrial Business C-1 - County…

General category COMMERCIAL

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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