Interior
- Bathrooms
- 0
Active · Retail
$2,990,000
625-631 S Andrews Avenue, Fort Lauderdale, FL 33301
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1961
- Lot size
- 13,000 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
PRICE REDUCED Don't miss this rare opportunity to purchase prime real estate within the downtown Ft Laud core. This 13,000sf site is comprised of two, 6,500sf, abutting lots. The southern lot (627-631 S Andrews Ave) is presently developed with a 3,000sf retail building which is 100% occupied by two tenants. The long-time tenants, are both on short-term leases. The northern lot (625 S Andrews Ave) is currently vacant, fully fenced and can either be used for additional parking for the existing building on the southern lot or developed on its own. Whether as an investment property, covered land play or redevelopment project (with Publix supermarket nextdoor as a built-in anchor), this RAC-CC zoned property represents one of the last available properties with frontage along busy Andrews Ave. Property made up of two tax folios: 50-42-10-01-5600 & 50-42-10-01-5590
Property location
Get Directions625-631 S Andrews Avenue, Fort Lauderdale, FL 33301
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Facts & features
Exterior & Structure
- Property type
- Retail
- Year built
- 1961
- Lot size
- 13,000 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Broward
- MLS listing ID
- B26019024
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$5,852
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $14,174/mo
- Down payment
- $747,500
- Loan amount
- $2,242,500
- Annual NOI
- $99,866
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.