Share This Listing

Message

910 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Investment or development opportunity
  • Sale includes a parking lot of 43 spaces
  • Las Olas facing property
  • Anchor restaurant and 4 retail/office spaces
  • Heavy drive by traffic
  • Parking lot recently redone and restriped

Executive Summary

Seize the opportunity to own a prestigious commercial property located on iconic Las Olas Boulevard in Fort Lauderdale, Florida. New to the market is a unique blend of four (4) retail/office spaces, a thriving restaurant, and ample parking, making it a versatile investment with significant development potential. This outstanding property features 15,498 square feet of rentable/interior space on a spacious lot size of 43,843 square feet. The sale includes a generous parking lot with 43 spaces, a rare find in this bustling area. All four (4) distinct retail/office spaces have all been completely remodeled to cater to various types of high end clientele. The well-established restaurant is already in place, providing a steady stream of income and attracting foot traffic to the location. This property presents a rare opportunity for investment or development. Whether you're looking to maintain a portfolio of established tenants or considering a development project on a Las Olas facing property, this property is an exceptional investment. Additional information, financials, and Offering Memorandum available - please contact listing agent.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,498 SF
Building Class
C
Year Built
1962
Price
$20,122,541 CAD
Price Per SF
$1,298.40 CAD
Cap Rate
4.74%
NOI
$953,136 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.54 AC
Zoning
CB, Fort Lauderdale - Zoning is AR, Use is 12-04
Parking
43 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
142’ on E Las Olas Blvd

Amenities

  • 24 Hour Access
  • Courtyard
  • Property Manager on Site
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

The Coffee Bean & Tea Leaf
Oakberry
Starbucks
Bubba Gump Shrimp Co.

Property Taxes

Property Taxes

Parcel Number
50-42-12-05-0040
Land Assessment
$2,392,495 CAD
Improvements Assessment
$2,981,178 CAD
Total Assessment
$5,373,673 CAD
  • Listing ID: 34383265

  • Date on Market: 2025-01-06

  • Last Updated:

  • Address: 2400 E Las Olas Blvd, Fort Lauderdale, FL 33301

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}