Share This Listing

Message

914 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the agent for more information about this property

2-Unit Commercial Retail - 8.10% Cap Rate 3325-3327 NE 32nd St 2,532 sq ft 100% Let Retail Property Fort Lauderdale, FL 33308 £1,032,788 (£407.89/sq ft) 8.10% Net Initial Yield

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Steps from Fort Lauderdale’s pristine beaches, offering an unbeatable coastal lifestyle.
  • Home to a diverse range of dining and nightlife options, perfect for both locals and visitors.
  • Surrounded by a vibrant retail mix, including national tenants at the nearby Galt Ocean Marketplace.
  • Property is fully leased offering a 7.55% cap rate currently.

EXECUTIVE SUMMARY

Located in the highly sought-after Galt Ocean Mile neighborhood of Fort Lauderdale, this fully renovated retail building presents an exceptional investment opportunity in one of the city's most vibrant and rapidly evolving corridors. This building is divided into two units, offering unique appeal for both investors and future owner-users.
One of the units was recently built out for Sunbelt Kava, a fast-growing sober lounge concept that’s quickly gaining traction across South Florida. Their modern, welcoming space adds a cool, contemporary vibe to the area and aligns perfectly with the eclectic and health-forward lifestyle of the surrounding community. The second unit, previously occupied by Source Salon, was just leased out to a long-term tenant producing a 8.10% cap rate. With rising rental rates in the area and increased demand for quality retail space, this unit offers strong upside potential.
What truly sets this property apart is its location. Galt Ocean Mile is buzzing with energy and on the cusp of a major transformation, with a wave of nearby development underway—including high-end mixed-use projects that blend luxury multifamily living with upscale retail experiences. This growth is elevating the entire area, making it an ideal time to secure a footprint in this emerging hotspot.
Surrounded by a mix of neighborhood staples and trendy newcomers, this property benefits from strong foot traffic, an affluent residential base, and close proximity to the beach. Whether you’re an investor looking for solid returns or an entrepreneur dreaming of owning your own space in one of Fort Lauderdale’s most desirable areas, this opportunity checks all the boxes.
Don’t miss your chance to own a piece of Fort Lauderdale real estate in a location poised for long-term success.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
2,532 sq ft
Costar Property Class
B
Year Built/Renovated
1970/2024
Price
£1,032,788
Price per sq ft
£407.89
Yield
8.10%
NOI
£83,622
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.48
Total Plot Size
0.12 ac
Use Class
CB - Commercial Business
Frontage
34 ft on NE 32nd St

AMENITIES

  • Signage
Walk Score®
Easily Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Mastro's Ocean Club
Truist
Starbucks
Ruth's Chris Steak House
The Original Pancake House
Orangetheory Fitness
Pure Barre

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-43-19-01-0460
Land Assessment
£77,870
Improvements Assessment
£462,785
Total Assessment
£540,655
  • Listing ID: 35443848

  • Date on Market: 10/04/2025

  • Last Updated:

  • Address: 3325-3327 NE 32nd St, Fort Lauderdale, FL 33308

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}