Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF 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-two restaurants and a beauty supply store-it generates an NOI of $75,845.67. 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 $105,828.00, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
| MLS # | A12029539 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 119 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Elior Levi |
| SQ Feet | 2,700 |
|---|---|
| Units | 3 |
| Building(s) | 1 |
| Zoning | B-1 |
| Acreage | 0.15 |
| Tax Annual Amount | 12565 |
|---|
| Community Features | Shopping |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3390 |
| Listing VS Median (in 33311) | |
Price: $1,050,000 low | high Med: $179,500 sqft: 2,700 low | high Med: 900 $ / sqft: $389 low | high Med: $203 On site: 119 low | high Med: 35.5 | |
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3390 |
| Listing VS Median (in 33311) | |
Price: $1,050,000 low | high Med: $179,500 sqft: 2,700 low | high Med: 900 $ / sqft: $389 low | high Med: $203 On site: 119 low | high Med: 35.5 | |