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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



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.
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
AMENITIES
- Signage
Walk Score®
Easily Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-43-19-01-0460 | Improvements Assessment | £462,785 |
| Land Assessment | £77,870 | Total Assessment | £540,655 |
PROPERTY TAXES
Parcel Number
49-43-19-01-0460
Land Assessment
£77,870
Improvements Assessment
£462,785
Total Assessment
£540,655
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2-Unit Commercial Retail - 8.10% Cap Rate | 3325-3327 NE 32nd St
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