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625-631 Andrews Ave 3,000 SF 100% Leased Retail Building Fort Lauderdale, FL 33303 $5,204,898 CAD ($1,734.97 CAD/SF)
Investment Highlights
- This 13,000 sf site is comprised of two, 6,500 sf, abutting lots.
- The two, long-time tenants, are both on short-term leases.
- The southern lot (627-631 S Andrews Ave) is presently developed with a 3,000 sf retail building which is 100% occupied by two tenants.
Executive Summary
Don’t miss this rare opportunity to purchase prime real estate within the downtown Fort Lauderdale core. This 13,000 sf site is comprised of two, 6,500 sf, abutting lots. The southern lot (627-631 S Andrews Ave) is presently developed with a 3,000 sf retail building which is 100% occupied by two tenants. The two, long-time tenants, are both on short-term leases. The northern lot (625 S Andrews Ave) is currently vacant, fully fenced and can either be used for additional parking for the existing building on the southern lot or developed on its own. Whether as an investment property, covered land play or redevelopment project (with the abutting Publix supermarket as a built-in anchor), this RAC-CC zoned property represents one of the last available properties with frontage along busy Andrews Avenue. The two tax folios offer maximum flexibility for whatever your future plans may entail.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
3,000 SF
Year Built/Renovated
1961/2020
Price
$5,204,898 CAD
Price Per SF
$1,734.97 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.31 AC
Zoning
RAC-CC - The RAC-CC is the most intensive zoning district in the city of Fort Lauderdale with very limited height and density restrictions.
Parking
10 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
55’ on Andrews Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Downtown Cigar Bar
- -
- 1,175 SF
- -
- -
- World of Smoke & Vape
- -
- 1,825 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Downtown Cigar Bar | - | 1,175 SF | - | - | ||
| World of Smoke & Vape | - | 1,825 SF | - | - |
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $2,022,036 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,022,036 CAD
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Presented by
Southern Commercial Properties
625-631 Andrews Ave
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