1026 9th Ave ,Retail for Sale & Rent

1026 9th Ave for Sale & Rent

Price $1,200,000.00

• Lot size 6751
• Year Build 1961
• Waterfront
• Zip 33311
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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?a nail salon, restaurant, and beauty supply store?it generates an NOI of $80,459 with a 6.7% cap rate. 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 $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.

PROGRESSO 2-18 D LOT 38,39 BLK 196

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?a nail salon, restaurant, and beauty supply store?it generates an NOI of $80,459 with a 6.7% cap rate. 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 $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.

City:Fort Lauderdale,Zoning:B-1,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.1376398,List Price:1200000,Listing Id:A11891960,Longitude:-80.1535397,Mls Status:Active,Year Built:1961,Postal Code:33311,Street Name:9th Ave,Coordinates:1:26.1376398,Photos Count:18,Business Type:1:Strip Store,Days On Market:9,Lot Size Units:Square Feet,M I A M I R E_ Area:3424,On Market Date:2025-10-07,Parcel Number:494234051790,Property Type:Commercial Sale,Stories Total:1,Street Number:1026,Public Remarks: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?a nail salon, restaurant, and beauty supply store?it generates an NOI of $80,459 with a 6.7% cap rate. 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 $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.,County Or Parish:Broward County,Expiration Date:2026-04-07,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6221,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:8921,Unparsed Address:1026 NW 9th Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:2700,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:6751,M I A M I R E_ Flood Zone:AE,X,Number Of Buildings:1,Original List Price:1200000,Public Survey Range:49,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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?a nail salon, restaurant, and beauty supply store?it generates an NOI of $80,459 with a 6.7% cap rate. 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 $106,944, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.,Listing Contract Date:2025-10-07,Originating System I D:miamire,Public Survey Section:34,Street Number Numeric:1026,Tax Legal Description:PROGRESSO 2-18 D LOT 38,39 BLK 196,M I A M I R E_ Current Price:1200000,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Geographic Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810),M I A M I R E_ Internet Remarks:Please visit Fausto Commercial Realty,M I A M I R E_ Parcel Number M L X:1790,M I A M I R E_ Street View Param:1$26.137631$-80.153582$103.75$13.33$1.00$hAE6pFrw1cM9qG8q9UUlEQ,Contract Status Change Date:2025-10-07,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:5,M I A M I R E_ Agent Alternate Phone:954-743-7594,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1026 NW 9th Ave,Internet Automated Valuation Display Y N:1,