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Flagler Village 702-706 NE 1st Ave 8,864 SF Vacant Retail Building Fort Lauderdale, FL 33304 $4,527,575 CAD ($510.78 CAD/SF) 10.15% Cap Rate
Investment Highlights
- Prime Location in Flagler Village • Situated in one of Fort Lauderdale’s fastest growing neighborhoods • Just ¼ mile from FAT Village
- High Barrier-to-Entry Market • Limited retail acquisition opportunities in Fort Lauderdale’s urban core • Strong potential for long-term rent growth
- Excellent Accessibility & Exposure • Convenient access to I-95 and N Andrews Avenue (20,900 VPD) • Walking distance to residential, retail and offices
- Full Built-Out Restaurant Space • Turnkey condition w/ complete restaurant buildout in place • Ideal for immediate occupancy by owner-user or investor
- Strong Demographics & Foot Traffic • Over 150,000 residents within a 3-mile radius • Average household income exceeds $109,000
Executive Summary
floor offers 2,482 square feet of newly renovated office space with clean, modern finishes, providing a functional and attractive environment for a variety of users. This layout makes the property ideal for an owner-user or as a value-add investment through lease-up at market rates.
Located steps from major redevelopment projects, including Hines’ 835,000-square-foot FAT Village and the Searstown Redevelopment, the site offers unmatched access to one of South Florida’s fastest-growing corridors. It is within walking distance of the Brightline station and near I-95 and N Andrews Avenue.
Surrounded by over 150,000 residents within three miles with average household incomes above $109,000, the property offers strong long-term rent growth potential in a high-barrier-to-entry market.
Property Facts
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Suite A1 offers a 3,255-square-foot space on the ground floor that is fully built out for a restaurant and bar use. The suite includes a complete dining layout with kitchen infrastructure, allowing an incoming operator to capitalize on existing improvements and minimize build-out costs. Positioned in-line along NE 1st Avenue, this space benefits from strong street visibility and walkability in the heart of Flagler Village. The surrounding neighborhood continues to see significant redevelopment, bringing increased foot traffic and an expanding customer base.
Suite A2 features a 3,127-square-foot retail space located adjacent to A1 on the ground floor of the two-story property. It also consists of a fully built-out restaurant configuration, creating opportunities for food-and-beverage operators to open quickly with minimal upfront investment. Designed for seamless occupancy, this suite offers a highly functional setting within one of Fort Lauderdale’s fastest-growing neighborhoods. Its proximity to major new developments and its location near Brightline transit further enhance accessibility for patrons.
Suite 2 encompasses 2,482 square feet on the second level and is configured for office or creative retail use. The space has been recently renovated with contemporary finishes, providing a professional and versatile environment for a range of business operations. Natural light, clean aesthetics, and flexible design elements make the suite attractive for businesses seeking a central location in an urban, amenity-rich district. The suite’s proximity to Las Olas Boulevard, major residential projects, and transit options positions it as a convenient, well-connected workspace.
| Space | Size | Space Use | Position | Available |
| A1 | 3,255 SF | Retail | In-Line | Now |
| A2 | 3,127 SF | Retail | In-Line | Now |
| 2 | 2,482 SF | Office/Retail | - | Now |
A1
| Size |
| 3,255 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
A2
| Size |
| 3,127 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2
| Size |
| 2,482 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
A1
| Size | 3,255 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Suite A1 offers a 3,255-square-foot space on the ground floor that is fully built out for a restaurant and bar use. The suite includes a complete dining layout with kitchen infrastructure, allowing an incoming operator to capitalize on existing improvements and minimize build-out costs. Positioned in-line along NE 1st Avenue, this space benefits from strong street visibility and walkability in the heart of Flagler Village. The surrounding neighborhood continues to see significant redevelopment, bringing increased foot traffic and an expanding customer base.
A2
| Size | 3,127 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Suite A2 features a 3,127-square-foot retail space located adjacent to A1 on the ground floor of the two-story property. It also consists of a fully built-out restaurant configuration, creating opportunities for food-and-beverage operators to open quickly with minimal upfront investment. Designed for seamless occupancy, this suite offers a highly functional setting within one of Fort Lauderdale’s fastest-growing neighborhoods. Its proximity to major new developments and its location near Brightline transit further enhance accessibility for patrons.
2
| Size | 2,482 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Suite 2 encompasses 2,482 square feet on the second level and is configured for office or creative retail use. The space has been recently renovated with contemporary finishes, providing a professional and versatile environment for a range of business operations. Natural light, clean aesthetics, and flexible design elements make the suite attractive for businesses seeking a central location in an urban, amenity-rich district. The suite’s proximity to Las Olas Boulevard, major residential projects, and transit options positions it as a convenient, well-connected workspace.
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-34-07-1560 | Improvements Assessment | $2,208,205 CAD |
| Land Assessment | $1,917,995 CAD | Total Assessment | $4,126,200 CAD |
Property Taxes
Presented by
Flagler Village | 702-706 NE 1st Ave
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