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    FOR SALE
    Turn key restaurants

    701 W Las Olas Blvd, Fort Lauderdale, FL 33312

    1,367 SF 0.21 ac lot Built 1944
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-1179825
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents three office units totaling 4,376 square feet, ideally situated at 701 W Las Olas Boulevard in Fort Lauderdale, Florida, 33312. The property boasts a highly desirable location, offering unparalleled convenience and accessibility. Its prime position places it within walking distance of the Broward Center for the Performing Arts and the scenic waterway, ensuring high visibility and attracting a diverse clientele. The proximity to Himmarshee Village further enhances its appeal, providing easy access to a vibrant hub of restaurants, shops, and entertainment. The asking price for this exceptional property is $1,900,000. The building consists of three separate units, offering flexibility for various business needs or potential for future development. Please note that the lot size is not specified and existing tenants should not be disturbed. This presents a rare chance to acquire a well-located, established office property in a thriving area of Fort Lauderdale. Serious inquiries only.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1944
    Construction CONCRETE
    Total area 1,367 SF
    Lot 0.21 ac (9,114 SF)
    Zoning code RAC-AS
    APN 50-42-10-28-0381
    UPID US18-1179825
    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
    Current use
    Occupant on record · Public records
    • The Chimney House - Grill & Cafe Restaurant
    • Coomi (Bike/Boat/Book/etc) Store
    • The Inspiration Co. (Bike/Boat/Book/etc) Store
    • Sébastien Larochelle Artist
    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
    Las Olas Promenade INC · 7 yrs held
    Las Olas Promenade INC
    since 2018
    2 recorded transactions
    2018
    1969
    Zoning & alternative use
    RAC-AS · Fort Lauderdale, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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