1026 NW 9th Ave, Fort Lauderdale, FL 33311

• 2,700 sqft

Property 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.

Listing Status:

Active

Date Added:

October 7, 2025 at 05:00AM

Listing Office:

Fausto Commercial Realty Consultants Inc : 786-748-7373

Listing Agent:

Elior Levi : 954-743-7594

MLS ID:

A11891960

Construction

• General: 1

Location

• Originating MLS: Miami Association of REALTORS®
• County: Broward County

Lot

• Zoning: B-1PROGRESSO 2-18 D LOT 3839 BLK 196494234051790
• Current Use: Retail

Financial

• Source: Miami Association of REALTORS®

This listing courtesy of Elior Levi, Fausto Commercial Realty Consultants Inc