1026 NORTH WEST 9TH AVE, Fort Lauderdale
$1,200,000 USD
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| Address | 1026 NORTH WEST 9TH AVE, Fort Lauderdale |
| Type of Property | Retail |
| Type of Business | Retail Space, Strip Store |
| Property Style | Retail |
| Price | $1,200,000 |
| Property Status | Active |
| MLS Number | A11891960 |
| Property Size | 6751 |
| Lot Size | 6751 |
| Year Built | 1961 |
| Folio Number | 494234051790 |
| Zoning Information | B-1 |
| Days on Market | 4 |
Detailed Description: Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 sq.ft commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33311 |
| Address | 1026 NORTH WEST 9TH AVE |
| Section | 34 |
| Zip Code (4 Digits) | 6221 |
Financial Information
| Price | $1,200,000 |
| Price per Foot | $0 |
| Folio Number | 494234051790 |
| Tax Amount | $8,921 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 sq.ft commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—a nail salon, restaurant, and beauty supply store—it generates an NOI of $80,459 with a 6.7% cap rate. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion. |
Property parameters
| Living Area | 6751 |
| Lot Size | 6751 |
| Total Acreage | 0.000 |
| Zoning Information | B-1 |
| Maximum Leasable Size | 6751 |
| Year Built | 1961 |
| Type of Property | Retail |
| Type of Business | Retail Space, Strip Store |
| Style | Retail |
| Stories Number | 1 |
| Street Direction | North West |
| Listed with | Fausto Commercial Realty Consultants Inc |