1227 Andrews Ave Fort Lauderdale, FL 33316-1835

This exceptional mixed-use property, located at 1227 South Andrews Avenue in Fort Lauderdale, Florida (zip code 33316), presents a compelling investment opportunity. The 2,491 square foot building currently boasts a tenant in place with a lease expiring in July 2026. Its strategic location within Fort Lauderdale's vibrant business district ensures exceptional visibility and easy access to downtown amenities, major highways, and corporate offices. The property's SRAC-SAE zoning designation unlocks significant development potential. This zoning allows for a diverse range of commercial uses, including retail, office, hospitality, and mixed-use projects. Specifically, the site permits the construction of either a seven-unit residential building or a 20,000 square foot commercial building, offering considerable flexibility for future development. The current asking price is $1,090,000, representing a 4.5% capitalization rate. Detailed lease information and financial statements are available upon request. Don't miss this chance to acquire a prime asset in a thriving Florida market.