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Property profile & analytics
OFF-MARKET
Retail residential properties

601-609 27th Ave Fort Lauderdale, FL 33311

2,207 SF 0.56 ac lot Built 1956
Individually Owned 37-yr Hold Free & Clear
Property ID
US18-4106259
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1956
Construction CONCRETE
Total area 2,207 SF
Lot 0.56 ac (24,183 SF)
Zoning code B-3
APN 50-42-05-06-0790
UPID US18-4106259
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
EDISON L WHEELER · 1 yrs held
EDISON L WHEELER
since 2025
Last sale
$2.1M
1 recorded transaction
2025
$2.1M
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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