601-609 27th Ave Fort Lauderdale, FL 33311
This exceptional 24,183 square foot vacant commercial property, located at 601-609 NW 27th Avenue in Fort Lauderdale, Florida (zip code 33311), presents a compelling redevelopment opportunity. Priced at $2,000,000 ($82.70/sq ft), this mixed-use land offers significant potential for various commercial ventures. The property boasts a highly desirable corner lot location in a high-traffic area, ensuring excellent visibility and accessibility for any business. Its versatile zoning allows for a multitude of uses, including auto shop, convenience store, and restaurant, making it an ideal investment for entrepreneurs seeking a prime location in Fort Lauderdale's thriving economy. The property consists of four lots, totaling 24,183 square feet, and is currently vacant, providing a blank canvas for a new development. This presents a unique chance to capitalize on Fort Lauderdale's continuous growth and create a profitable commercial enterprise. The property is offered as a NNN lease type investment. While the listing focuses on one parcel, please inquire about pricing for individual or combined lot purchases. Information is deemed reliable but not guaranteed.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Fort Lauderdale, FLFort Lauderdale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.