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Property profile

3302 NE 34Th St 3348 Fort Lauderdale, FL 33308

FOR LEASE
Retail space
Property ID
US18-4010756
26,651 SF 1.16 ac lot Built 1964
Entity Owned 4-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Fort Lauderdale commercial property, located at 3302-3370 NE 34th St, offers 26,651 square feet of retail and office space in a prime location. Built in 1971, this single-story building sits on a 50,618 square foot lot and is zoned CB - Central Business. The property boasts excellent visibility at the busy intersection of E Oakland Park Blvd and Ocean Blvd (A1A), benefiting from high foot and vehicle traffic in the Galt Mile area. Its glass frontage and high ceilings create a bright and inviting atmosphere, ideal for a variety of businesses. Ample shared onsite parking (51 spaces) is available for tenants and customers. The property's proximity to high-end residential, hotels, and the future Mile Hotel West development ensures a steady stream of potential clients. This location offers prominent signage opportunities and is surrounded by a strong mix of neighboring businesses. The property features multiple tenancies and is situated in Broward County, Florida, with a zip code of 33308. This is a rare opportunity to establish a business in a thriving beachfront location with exceptional visibility and convenient amenities. The property's central business zoning allows for a variety of commercial uses. The building's size and layout offer flexibility for various business needs. The high traffic area and proximity to the beach make this an ideal location for businesses seeking high visibility and a strong customer base.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction CONCRETE
Total area 26,651 SF
Lot 1.16 ac (50,618 SF)
Zoning code CB
APN 49-43-19-01-1040
UPID US18-4010756

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.28M
CAP Approach CAP
$7.31M
Comparable Approach Comparable
$8.20M
Blend (final) Blend
$6.21M

Owner & transaction history

since 2022
Last sale
$5.3M
6 recorded transactions
2022
$7.4M
2017
Price N/A
2013
$3.2M
2003
$1.8M
1969
Price N/A
1969
Price N/A

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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