$1,200,000
$1,499,000
19.9%For more information regarding the value of a property, please contact us for a free consultation.
7,500 Sqft Lot
SOLD DATE : 04/22/2025
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10460931
Year Built 1967
Annual Tax Amount $12,546
Tax Year 2023
Lot Size 7,500 Sqft
Property Sub-Type Commercial
Property Description
***DRASTICALLY REDUCED...OPPORTUNITY FOR DEVELOPMENT!!!*** TWO LOTS FOR SALE TOTALING 16,875 SQ FT! ONE OF THE LOTS FEATURES A 1,801 SQ FT RESTAURANT BUILDING, LOCATED IN A HIGHLY DESIRABLE B-1 ZONING AREA. THE PROPERTY IS CURRENTLY OPERATING WITH LIMITED HOURS—ONLY 20 HOURS A WEEK, FIVE DAYS A WEEK—YET STILL GENERATES AN IMPRESSIVE ANNUAL PROFIT OF $194,000. WITH B-1 ZONING ALLOWING UP TO 80% LOT COVERAGE, AND UP TO 100 FT TALL BUILDING, THIS PROPERTY OFFERS EXCELLENT POTENTIAL FOR REDEVELOPMENT. CONTINUE AS A PROFITABLE RESTAURANT OR EXPLORE DIVERSE OPTIONS SUCH AS RETAIL STORES, PERSONAL SERVICES, AND MORE. SEIZE THIS OPPORTUNITY TO INVEST IN A PRIME LOCATION WITH SIGNIFICANT GROWTH POTENTIAL!
Location
State FL
County Broward County
Area Ft Lauderdale Beach (3130-3170)
Zoning B-1
Interior
Heating Central Building A/C
Cooling Central Building A/C
Exterior
Water Access N
Roof Type Tile Roof
Building
Story 1.0000
Foundation Concrete Block Construction, Stucco Exterior Construction
Sewer Public Sanitation
Water Public Water
Others
Acceptable Financing Cash, Conventional/Refinance, Owner Financing
Listing Terms Cash, Conventional/Refinance, Owner Financing
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Bought with G & E Realty Group, Inc
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