705 8th Ave , for Sale

705 8th Ave for Sale

Price $4,500,000.00

• Lot size 22031
• Year Build
• Waterfront
• Zip 33311
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Opportunity to purchase two adjacent warehouses in Fort Lauderdale?s prime industrial pocket. The subject properties are located in the Sistrunk District, a well-positioned area in the burgeoning Progresso neighborhood minutes from Las Olas, Downtown Fort Lauderdale, and Flagler Village. This industrial pocket central to the city of Fort Lauderdale experiences a high demand from renters and investors. As of Q1 2024, Fort Lauderdale?s industrial rent growth outpaced all other major Southeastern industrial markets over a 3-year span, with an 87% increase. 705 NW 8th Ave is a 9,500 SF warehouse on a 13,500 SF lot. 709 NW 8th Ave is a 5,000 SF warehouse on a 8,531 SF lot.

705 NW 8th Avenue is split into 5 different bays, occupied by three different tenants and 709 NW 8th Avenue is an open layout occupied by a single tenant with two bay doors. All of the leases have less than 2 years remaining on their term, making this asset highly flexible for an investor, owner-user, or a user who wants to occupy part of the property and rent out the rest.

PROGRESSO 2-18 D LOT 21 TO 24 BLK 277

Central Business District, Corner Location, Industrial Park, Urban Area Development, Less Than 1 Acre

Opportunity to purchase two adjacent warehouses in Fort Lauderdale?s prime industrial pocket. The subject properties are located in the Sistrunk District, a well-positioned area in the burgeoning Progresso neighborhood minutes from Las Olas, Downtown Fort Lauderdale, and Flagler Village. This industrial pocket central to the city of Fort Lauderdale experiences a high demand from renters and investors. As of Q1 2024, Fort Lauderdale?s industrial rent growth outpaced all other major Southeastern industrial markets over a 3-year span, with an 87% increase. 705 NW 8th Ave is a 9,500 SF warehouse on a 13,500 SF lot. 709 NW 8th Ave is a 5,000 SF warehouse on a 8,531 SF lot.

City:Fort Lauderdale,Zoning:I,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:26.1315308,List Price:4500000,Listing Id:A11606681,Longitude:-80.1528148,Mls Status:Active,Utilities:1:Natural Gas Connected,2:Other Utilities Available,3:Sewer Connected,4:Electricity Available,5:Natural Gas Available,6:Other,7:Sewer Available,Postal Code:33311,Street Name:8th Ave,Coordinates:1:26.1315308,Lot Features:1:Corner Location,2:Industrial Park,3:Urban Area Development,4:Less Than 1 Acre,Photos Count:13,Days On Market:14,Lot Size Acres:0.51,Lot Size Units:Square Feet,M I A M I R E_ Area:3760,On Market Date:2024-05-31,Parcel Number:494234068330,Property Type:Commercial Land,Street Number:705,Public Remarks:Opportunity to purchase two adjacent warehouses in Fort Lauderdale?s prime industrial pocket. The subject properties are located in the Sistrunk District, a well-positioned area in the burgeoning Progresso neighborhood minutes from Las Olas, Downtown Fort Lauderdale, and Flagler Village. This industrial pocket central to the city of Fort Lauderdale experiences a high demand from renters and investors. As of Q1 2024, Fort Lauderdale?s industrial rent growth outpaced all other major Southeastern industrial markets over a 3-year span, with an 87% increase. 705 NW 8th Ave is a 9,500 SF warehouse on a 13,500 SF lot. 709 NW 8th Ave is a 5,000 SF warehouse on a 8,531 SF lot.,County Or Parish:Broward County,Frontage Length:160,List Office Name:STL Advisors, LLC,Private Remarks:705 NW 8th Avenue is split into 5 different bays, occupied by three different tenants and 709 NW 8th Avenue is an open layout occupied by a single tenant with two bay doors. All of the leases have less than 2 years remaining on their term, making this asset highly flexible for an investor, owner-user, or a user who wants to occupy part of the property and rent out the rest.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7316,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:22696,Unparsed Address:705 NW 8th Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Agency,Building Area Units:Square Feet,Lot Size Dimensions:160x300,Lot Size Square Feet:22031,M I A M I R E_ L P Amt Sq Ft:204.2576,Original List Price:4500000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:Opportunity to purchase two adjacent warehouses in Fort Lauderdale?s prime industrial pocket. The subject properties are located in the Sistrunk District, a well-positioned area in the burgeoning Progresso neighborhood minutes from Las Olas, Downtown Fort Lauderdale, and Flagler Village. This industrial pocket central to the city of Fort Lauderdale experiences a high demand from renters and investors. As of Q1 2024, Fort Lauderdale?s industrial rent growth outpaced all other major Southeastern industrial markets over a 3-year span, with an 87% increase. 705 NW 8th Ave is a 9,500 SF warehouse on a 13,500 SF lot. 709 NW 8th Ave is a 5,000 SF warehouse on a 8,531 SF lot.,Additional Parcels Y N:1,Listing Contract Date:2024-05-31,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,Street Number Numeric:705,Tax Legal Description:PROGRESSO 2-18 D LOT 21 TO 24 BLK 277,Gross Scheduled Income:264300,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0%,M I A M I R E_ Internet Remarks:Small Bay Warehouses in Progresso - Fort Lauderdale Urban Core,Contract Status Change Date:2024-05-31,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:1%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,