18 NW 1St Ave Fort Lauderdale, FL 33301

This exceptional free-standing retail building, Tropical Press, offers 6,380 square feet in the heart of downtown Fort Lauderdale, directly across from the Brightline Station. The property, built in 1955 and renovated in 2021, features a single-story, 6,380-square-foot building with one tenant currently occupying 50% of the space, leaving a significant opportunity for lease-up or owner-user occupancy. The asking price is $3,300,000, representing a 5.00% cap rate and a pro-forma cap rate of 8.06%. The property's pro-forma NOI is $265,934. Located near W Broward Boulevard, the property benefits from high daily traffic counts (nearly 50,000 vehicles). Its proximity to the Brightline Station and a planned 300+ unit apartment complex further enhances its value. The current lease is a net lease with a remaining term of 2.9 years, expiring October 31, 2027. The property is zoned RAC-CC and is offered fee simple. This presents a compelling value-add investment or owner-user opportunity in a rapidly developing area with strong market fundamentals, including high rental growth and low vacancy rates. The property's location ensures continued appreciation as the surrounding area continues its rapid development.