801 27Th AveFort Lauderdale, FL 33312

Property Details for 801 27Th Ave

Year built

1958

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

1,751 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Other automotive properties

APN

50-42-05-06-0030

APU

504205060030

Description

This exceptional Fort Lauderdale property at 801 SW 27th Ave presents a unique investment opportunity for car dealership operators. The 1,575 square foot office building sits on a fenced lot boasting 185 feet of frontage on SW 27th Ave, providing significant visibility and accessibility. The property's ample space can comfortably accommodate 100 or more vehicles, making it ideal for expansion or a new venture. The single-tenant building is currently utilized as a car lot and features dual gates for efficient vehicle management. The property is zoned B-2, offering a wide range of potential uses beyond automotive sales. The parcel number is 504208160420. Located in Fort Lauderdale, Florida, zip code 33312, this property offers a strategic location with excellent access to major roadways and a thriving local market. The building's single-suite configuration provides simplicity and efficiency for management. This is a rare opportunity to acquire a well-situated property with significant potential for growth and profitability in a desirable market. The property's size and zoning provide flexibility for a variety of uses, making it an attractive investment for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $765,250

  6.5%

  $706,385

  7%

  $655,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,303,547

  Geo Method

  $1,303,547

• Alternative Use

  Use

  Valuation

  Residential

  $595,862

  Hospitality

  $545,806

  Educational

  $454,104

  Medical

  $469,722

  Retail

  $706,385

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.132

Longitude

-80.1786

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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