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2633 E Commercial Blvd
Fort Lauderdale, FL 33308
Retail Property For Sale
Investment Highlights
- Prime East Fort Lauderdale Location • Frontage on E Commercial Boulevard with strong daily traffic counts • Excellent access to US-1, I-95
- Value-Add Opportunity 3 tenants on short-term leases below market • Immediate mark-to-market rental upside • Opportunity to restructure leases to NNN
- Strong Demographics & Demand Drivers • Dense residential population with strong household incomes • Established retail, medical, and service corridor
- Newly Renovated Asset • Fully renovated 6,591 SF retail/medical office building • Turnkey condition with modernized interiors and exterior upgrades
- Lease-Up & Owner-User Flexibility • One vacant unit totaling 2,000 SF • Ideal for owner-user to occupy while maintaining income
Executive Summary
Franklin Street is pleased to present 2633 E Commercial Boulevard - a newly renovated 6,591 SF multi-tenant retail/medical office building located along one of Fort Lauderdale’s primary east-west corridors. The property offers strong frontage and visibility on E Commercial Boulevard with convenient access to US-1, I-95, and the surrounding coastal residential communities.
The building consists of four units and is currently 70% occupied, with three tenants on short-term leases paying below-market rents - providing immediate mark-to-market upside. 2,000 SF can be delivered vacant at closing, providing an excellent opportunity for an owner-user to operate their business while generating stable income from the remaining tenants.
Surrounded by dense residential neighborhoods, national retailers, and strong medical and service-oriented demand, the asset offers a compelling value-add opportunity in a high-barrier-to-entry East Fort Lauderdale submarket. Ideal for an investor targeting lease-up and rent growth or an owner-user looking to secure a well-located footprint with supplemental income.
The building consists of four units and is currently 70% occupied, with three tenants on short-term leases paying below-market rents - providing immediate mark-to-market upside. 2,000 SF can be delivered vacant at closing, providing an excellent opportunity for an owner-user to operate their business while generating stable income from the remaining tenants.
Surrounded by dense residential neighborhoods, national retailers, and strong medical and service-oriented demand, the asset offers a compelling value-add opportunity in a high-barrier-to-entry East Fort Lauderdale submarket. Ideal for an investor targeting lease-up and rent growth or an owner-user looking to secure a well-located footprint with supplemental income.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,591 SF
Building Class
C
Year Built
1972
Price
$3,679,938 CAD
Price Per SF
$558.33 CAD
Cap Rate
6.64%
NOI
$244,348 CAD
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.78
Lot Size
0.19 AC
Zoning
CB, Fort Lauderdale - Community Business
Frontage
84’ on Commercial Blvd
Amenities
- Signage
Property Taxes
| Parcel Number | 49-42-13-07-0210 | Improvements Assessment | $1,357,093 CAD |
| Land Assessment | $276,377 CAD | Total Assessment | $1,633,470 CAD |
Property Taxes
Parcel Number
49-42-13-07-0210
Land Assessment
$276,377 CAD
Improvements Assessment
$1,357,093 CAD
Total Assessment
$1,633,470 CAD
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