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2335 NE 26th St
Fort Lauderdale, FL 33305
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Affluent high visibility, high traffic intersection
- Major retail corridor
- Can be divided into two units - Recent trends show Fort Lauderdale's retail rents have grown fast, with a 38% premium over the U.S. average as of 2023
- Full hurricane impact glass storefront
- Newer roof
- Polished concrete floors
EXECUTIVE SUMMARY
Prime retail or gallery space available at the northwest corner of Federal Highway and 26th Street, offering excellent visibility with over 26,000 vehicles passing daily and a signalized intersection. Conveniently located between Wilton Manors to the east and Coral Ridge to the west, this property features a new roof (2017), hurricane-impact storefront (2018), updated electrical systems (2017), high gallery-style ceilings, modern lighting, and polished concrete floors.
Situated directly on 26th Street, the space benefits from ample parking options (both paid and free), heavy foot and vehicle traffic, and expansive display windows ideal for showcasing merchandise or art. The property includes two bathrooms and is equipped with two air conditioning units. Additionally, it can be divided into two separate leaseable units as it encompasses two addresses with independent utility bills and water connections.
The B1 zoning designation allows for versatile commercial uses such as retail stores, personal services, medical clinics, and offices. The property also boasts over 250 square feet of paved outdoor space at the rear, which could be repurposed for storage or other uses.
Situated directly on 26th Street, the space benefits from ample parking options (both paid and free), heavy foot and vehicle traffic, and expansive display windows ideal for showcasing merchandise or art. The property includes two bathrooms and is equipped with two air conditioning units. Additionally, it can be divided into two separate leaseable units as it encompasses two addresses with independent utility bills and water connections.
The B1 zoning designation allows for versatile commercial uses such as retail stores, personal services, medical clinics, and offices. The property also boasts over 250 square feet of paved outdoor space at the rear, which could be repurposed for storage or other uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
1,243 sq ft
Costar Property Class
C
Year Built/Renovated
1964/2017
Price
£601,685
Price per sq ft
£484.06
Yield
6.45%
NOI
£38,809
Tenancy
Single
Number of Floors
1
Plot ratio
0.83
Total Plot Size
0.03 ac
Use Class
B-1 - Lot 22 , Crossroads Shopping Center, B Lot 22, Acdng to the plat recorded in Plat Book 32, Page 22, of the public records of Broward County, Florida
Parking
88 Spaces (70.8 Spaces per 1,000 sq ft Leased)
Frontage
35 ft on NE 26th St
AMENITIES
- 24 Hour Access
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-42-25-17-0150 | Improvements Assessment | £166,968 |
| Land Assessment | £55,919 | Total Assessment | £222,887 |
PROPERTY TAXES
Parcel Number
49-42-25-17-0150
Land Assessment
£55,919
Improvements Assessment
£166,968
Total Assessment
£222,887
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