1401 S Andrews Ave
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1401 S Andrews Ave
2,500 SF Retail Building Fort Lauderdale, FL 33316 £2,765,035 (£1,106/SF)
Investment Highlights
- Redevelopment potential for up to 53,000 square foot lot SRAC zoning
- Blocks from new Courthouse
- Potential Joint venture for redevelopment
Executive Summary
Property Highlights
• Prime Location: Situated on South Andrews Avenue, a popular and bustling area in Fort Lauderdale. This location offers high visibility oappealing to both locals and tourists.
• Two-Story Rooftop Design: Bar Rita’s two-story rooftop structure provides a unique dining experience. The upper-level rooftop gives guests an open-air, elevated view of the city, ideal for a vibrant ambiance, especially during evenings and weekends.
• Square Footage: Each floor spans approximately 2,000 square feet, totaling 4,000 square feet. This ample space accommodates various seating arrangements, events, or even private parties.
Interior & Amenities
• Full Commercial Kitchen: A fully-equipped, commercial-grade kitchen ready for a high-volume restaurant operation, supporting a wide variety of culinary concepts.
• Large Outdoor Seating Area: Perfect for Florida’s climate, the outdoor seating area enhances the property’s capacity and appeal, ideal for patrons looking for an al fresco dining experience.
Additional Opportunities
• Adjacent Lot Option: There’s an option to purchase or lease the adjacent lot behind the property, offering additional space for parking, expansion, or further development.
• Flexible Usage: The property’s design and amenities are versatile, making it suitable for a variety of uses beyond just a restaurant. It could serve as a bar, lounge, event space, or even host pop-up culinary events.
Investment Potential
• Turnkey Business: This property allows for a relatively quick setup due to its full kitchen and established infrastructure.
• Rooftop Trend Appeal: Rooftop dining has become increasingly popular, particularly in warm-weather cities like Fort Lauderdale, making it an attractive option for potential buyers seeking a trendy and profitable venue.
This opportunity combines a unique property layout, a prime location, and expansion possibilities, making it a rare find in the Fort Lauderdale area. Let me know if you’d like further details on any specific aspects!
• Prime Location: Situated on South Andrews Avenue, a popular and bustling area in Fort Lauderdale. This location offers high visibility oappealing to both locals and tourists.
• Two-Story Rooftop Design: Bar Rita’s two-story rooftop structure provides a unique dining experience. The upper-level rooftop gives guests an open-air, elevated view of the city, ideal for a vibrant ambiance, especially during evenings and weekends.
• Square Footage: Each floor spans approximately 2,000 square feet, totaling 4,000 square feet. This ample space accommodates various seating arrangements, events, or even private parties.
Interior & Amenities
• Full Commercial Kitchen: A fully-equipped, commercial-grade kitchen ready for a high-volume restaurant operation, supporting a wide variety of culinary concepts.
• Large Outdoor Seating Area: Perfect for Florida’s climate, the outdoor seating area enhances the property’s capacity and appeal, ideal for patrons looking for an al fresco dining experience.
Additional Opportunities
• Adjacent Lot Option: There’s an option to purchase or lease the adjacent lot behind the property, offering additional space for parking, expansion, or further development.
• Flexible Usage: The property’s design and amenities are versatile, making it suitable for a variety of uses beyond just a restaurant. It could serve as a bar, lounge, event space, or even host pop-up culinary events.
Investment Potential
• Turnkey Business: This property allows for a relatively quick setup due to its full kitchen and established infrastructure.
• Rooftop Trend Appeal: Rooftop dining has become increasingly popular, particularly in warm-weather cities like Fort Lauderdale, making it an attractive option for potential buyers seeking a trendy and profitable venue.
This opportunity combines a unique property layout, a prime location, and expansion possibilities, making it a rare find in the Fort Lauderdale area. Let me know if you’d like further details on any specific aspects!
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
|
| Operating Expenses |
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-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1950/2018
Price
£2,765,035
Price Per SF
£1,106
Tenancy
Single
Number of Floors
2
Building FAR
0.20
Land Acres
0.29 AC
Zoning
SRAC - Zoned SRAC
Frontage
162 ft on S Andrews Ave
Amenities
- Bus Route
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 50-42-15-10-1410 | Improvements Assessment | £1,128,419 |
| Land Assessment | £246,839 | Total Assessment | £1,375,257 |
PROPERTY TAXES
Parcel Number
50-42-15-10-1410
Land Assessment
£246,839
Improvements Assessment
£1,128,419
Total Assessment
£1,375,257
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