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Property profile & analytics
OFF-MARKET
Commercial land

477 1st Ave Fort Lauderdale, FL 33301

1.54 ac lot Built 2013
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-7623927
Property summary
AI-generated overview

This exceptional 2,757-square-foot restaurant space is available for lease at 477 SW 1st Ave in Fort Lauderdale, Florida. Located in Broward County, this single-tenant property offers a fantastic opportunity for a discerning restaurateur. The building's total square footage is 2,757 square feet, all of which is currently vacant and ready for immediate occupancy. The property boasts ample parking with 40 spaces available for patrons and staff. The address is conveniently situated at 477 SW 1st Ave, Fort Lauderdale, FL 33301, providing excellent visibility and accessibility. This prime location in a vibrant area offers high foot traffic and significant potential for a successful culinary venture. The property is classified as retail, specifically designed for restaurant use. The building's layout is conducive to a variety of restaurant concepts, offering flexibility for customization and design. With its generous square footage and ample parking, this property presents a rare opportunity to establish a thriving restaurant business in a highly desirable location. The property is ready for immediate lease and offers a blank canvas for a new restaurant to flourish. Interested parties are encouraged to inquire further to explore this exceptional opportunity.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2013
Lot 1.54 ac (66,998 SF)
Zoning code RAC-CC
APN 50-42-10-1H-0010
UPID US18-7623927
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mhjv Riverwalk LLC · 3 yrs held
Mhjv Riverwalk LLC
since 2023
2 recorded transactions
2023
Price N/A
2022
$14.3M
Zoning & alternative use
RAC-CC · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office Dis…

Zone name Regional Activity Center City Center District
General category COMMERCIAL
Zone area 370.47 ac
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