Commercial listing in Fort Lauderdale For Sale

MLS# A10547525

For Sale

$3,500,000

Days on Market: 1563

8,664 ft2 (805 m2)
$404
Days on Market: 657
Listed On: February 9, 2023
Days on Market: 657
Year: 2005
Taxes: 15353 (Yearly)
Parking: Garage Space/s
Description

Great For investors -6% Return, Have Been Rented for 5 Years , For Luxury European Cuisine Restaurant , Is currently fully finished, Very rare opportunity .SEE YOUTUBE VIDEO: 1) 1 Block to Las Olas, BEST FL RETAIL OPPORTUNITY. 2) 20 Foot high Ceiling. 3) Corner property w/ St access. 4) SIZE TOTAL 8,664 SF, (6,308 SF under air, additional 1,220 SF exterior covered area + 900 SF bathroom area) Can be expanded to extra 1000 SQFT 5) COMPARABLE: NURIVER 5 & 6 w/ 2,143 SF, SOLD FOR $ 2,150.000 IN 08/29/18 $1,000/PER SF, 6) LOCATION: THIS IS WATER FRONT, NEW & LUXURY CLASS A BUILDING IN FT LAUDERDALE DOWNTOWN, Next Court House. 7) 24 Hs Security. . $ 15,354 Taxes/Year .CONDO+Water+Insurance $ 2,680

Additional Details
Mls: A10547525
Parcel Number: 504210BF0010
Property Type: Commercial Sale
Property Subtype: Restaurant/Entertainment
Business Type: Restaurant/Bar,Retail Space
Unit: 101/102
Virtual Tour: [VIEW]
Garage Yn: No
Pool Yn: No
Waterfront Yn: Yes
Attached Yn: No
New Construction Yn: No
Listing Terms: All Cash,Conventional/Refinance
Association Yn: No
Association Fee: 2,680
Association Fee Frequency: Monthly
Parking Description: Assigned,Valet
Sqft: 0
Prop Sqft: 8,664
Building Sqft: 8,664
Compass Point: SOUTHEAST
Street Number: 511
Street Name: 5th Ave
Address: 511 SE 5th Ave, Fort Lauderdale FL 33301
Days On Market: 1,563
Heating Yn: No
Cooling Yn: No
Floor Description: Carpet,Concrete,Tile
City: Fort Lauderdale
County: Broward County
State: FL
Zipcode: 33301
Latitude: 26.115437
Longitude: -80.138966
Price: 3,500,000
Maintenance Fee: 2,680
Original Price: 3,500,000
Previous Price: 3,200,000
Close Price: 0
Buyer Agency Compensation: 3%
Yearly Taxes: 15,353
Special Listing Conditions: Sale
Year Built: 2,005
Entry Date: 2023-02-09
Status: Active
Major Change Type: Price Increase
Sys Date Modified: 2023-02-09
Major Change Date: 2021-10-26
Status Change Date: 2020-11-23
Price Change Date: 2021-10-26
Original Entry Date: 2018-10-10

Location

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