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911-913 NE 4th Ave

6,908 SF 7% Leased Retail Building Fort Lauderdale, FL 33304 £3,094,035 (£448/SF)

Executive Summary

Rare downtown 2nd Generation Bar / Restaurant space suitable for Owner User or Investor. Discover an exceptional opportunity in the heart of downtown Fort Lauderdale with this versatile multi-tenant building. Located just minutes from Las Olas, the beach, and at the entrance to Flagler Village. Flagler Village in Fort Lauderdale is a rapidly developing and vibrant neighborhood known for its artistic and cultural vibe, similar to Wynwood in Miami, the neighborhood has delivered over 10,000 residential units in they last few years with several thousand more in the pipeline.
Situated just north of Las Olas Boulevard, Flagler Village offers a dense urban feel with a mix of residential, commercial, and entertainment options. Originally an industrial warehouse district, Flagler Village has transformed into a hub of innovation and creativity. The arts district features art studios, galleries, and monthly art walks, making it a hotspot for artists and art enthusiasts alike?. The neighborhood also boasts numerous trendy restaurants, craft breweries, and unique shops.
The immediate and surrounding area is experiencing significant growth with new developments like the FAT Village master plan and the Searstown Redevelopment, which includes residential units, office spaces, hotel, restaurants and retail options. The ongoing developments are attracting a mix of young professionals and families, contributing to a vibrant community.
The building in particular features a beautifully built-out 2nd generation bar & restaurant space, with a massive covered outdoor patio, ideal for culinary entrepreneurs, complete with a flex warehouse for additional storage. Benefit from rental income from the retail space (previously occupied by the Sliding Glass Company) or take advantage of the strong visibility and nearby parking to open multiple businesses.
This prime location offers excellent foot traffic, making it a strategic spot for various ventures. Whether you're looking to start a new restaurant, expand your retail presence, or diversify with multiple enterprises, this property provides the perfect foundation for success. Don’t miss out on this unique investment opportunity in one of Fort Lauderdale's most dynamic areas.
A rare and unique opportunity to purchase this asset while it is fully vacant for the first time since remodeling.
Within walking distance from here on the same side of tracks, notable tenants are Patio + Pizza Bar, Laser Wolf, Wine Watch, 27 Bar + Lounge, Sana Skincare, The Now Massage, Form Hair Studio, BH3 Headquarters, SOL Yoga, Spartan Fitness and Training, Miso Japanese Tapas and more.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,908 SF
Building Class
B
Year Built/Renovated
1958/2019
Price
£3,094,035
Price Per SF
£448
Percent Leased
7%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.34
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
NWRAC-MUNE - Commercial Use - Full Service Restaurant
Parking
16 Spaces (2.32 Spaces per 1,000 SF Leased)
Frontage
95 ft on Progresso Avenue

Amenities

  • Pylon Sign
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Aida Mexican Seafood
  • -
  • 500 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Aida Mexican Seafood - 500 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 911
  • 2,867 SF
  • Restaurant
  • -
  • Now
  • 913
  • 2,268 SF
  • Retail
  • -
  • Now
  • Flex Space
  • 1,269 SF
  • Light Industrial
  • -
  • Now
Space Size Space Use Position Available
911 2,867 SF Restaurant - Now
913 2,268 SF Retail - Now
Flex Space 1,269 SF Light Industrial - Now

911

Size
2,867 SF
Space Use
Restaurant
Position
-
Available
Now

913

Size
2,268 SF
Space Use
Retail
Position
-
Available
Now

Flex Space

Size
1,269 SF
Space Use
Light Industrial
Position
-
Available
Now

911

Size 2,867 SF
Space Use Restaurant
Position -
Available Now

913

Size 2,268 SF
Space Use Retail
Position -
Available Now

Flex Space

Size 1,269 SF
Space Use Light Industrial
Position -
Available Now

Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Checkers
ALDI
North Italia
Seacoast Bank
Winn-Dixie
Miami Subs Grill
Publix
Cyclebar
HOTWORX
The Fresh Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-42-34-05-7050
Land Assessment
£553,464
Improvements Assessment
£948,341
Total Assessment
£1,501,805
  • Listing ID: 33013292

  • Date on Market: 30/07/2024

  • Last Updated:

  • Address: 911-913 NE 4th Ave, Fort Lauderdale, FL 33304

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