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1026-1030 NW 9th Ave
Fort Lauderdale, FL 33311
The Shops at South Middle River · Retail Property For Sale
Investment Highlights
- Prime Location: In Progresso Village / South Middle River, minutes from Downtown and I-95, with exposure to about 31,500 cars daily.
- Strong Returns: Generates an NOI of $75,846 with a 6.6% cap rate from day one.
- Income Growth: Rent increases this December and January 2026 provide immediate and steady revenue growth.
- Fully Leased: Occupied by three tenants—a nail salon, restaurant, and beauty supply store—providing steady income.
- Value-Add Potential: Pro forma income of $105,828 with room to shift to NNN leases for higher returns.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,719 SF
Building Class
C
Year Built
1962
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.16 AC
Zoning
B-1 - Retail
Parking
10 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
56’ on NW 9th Ave
Amenities
- Bus Line
Property Taxes
| Parcel Number | 49-42-34-05-1790 | Improvements Assessment | $480,340 |
| Land Assessment | $135,020 | Total Assessment | $615,360 |
Property Taxes
Parcel Number
49-42-34-05-1790
Land Assessment
$135,020
Improvements Assessment
$480,340
Total Assessment
$615,360
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