Description
Dynamic prime Fort Lauderdale beachfront location. Fully renovated & stabilized turnkey commercial & residential income building offered at 4.5% Cap Rate - located behind beachfront Sonesta Hotel on Sunrise Blvd/AIA. Low maintenance asset provides ease of management for out-of-state investor. Refurbished in 2018 - (3) 2bed/1bath apts +(1) 1bed/1bath apts -some with great ocean views & all are sought after for short/long term rentals. Solid commercial tenants include high-end clothing Heart of City & popular "Nanou" French Bakery. Birch State Park is across road. With redevelopment of Galleria Mall to incorporate +- 1,900 family units + luxury stores and the 1.2 acre "Frank/Vinny" restaurant site selling last year for $7million, the focus on this prime area has never been more desired.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Dynamic prime Fort Lauderdale beachfront location. Fully renovated & stabilized turnkey commercial & residential income building offered at 4.5% Cap Rate - located behind beachfront Sonesta Hotel on Sunrise Blvd/AIA. Low maintenance asset provides ease of management for out-of-state investor. Refurbished in 2018 - (3) 2bed/1bath apts +(1) 1bed/1bath apts -some with great ocean views & all are sought after for short/long term rentals. Solid commercial tenants include high-end clothing Heart of City & popular "Nanou" French Bakery. Birch State Park is across road. With redevelopment of Galleria Mall to incorporate +- 1,900 family units + luxury stores and the 1.2 acre "Frank/Vinny" restaurant site selling last year for $7million, the focus on this prime area has never been more desired.
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