Log In/Sign Up
Your email has been sent.
2633 E Commercial Blvd 6,591 SF 70% Leased Retail Building Fort Lauderdale, FL 33308 $2,700,000 ($409.65/SF) 6.64% Cap Rate
Investment Highlights
- Prime East Fort Lauderdale Location • Frontage on E Commercial Boulevard with strong daily traffic counts • Excellent access to US-1, I-95
- Value-Add Opportunity 3 tenants on short-term leases below market • Immediate mark-to-market rental upside • Opportunity to restructure leases to NNN
- Strong Demographics & Demand Drivers • Dense residential population with strong household incomes • Established retail, medical, and service corridor
- Newly Renovated Asset • Fully renovated 6,591 SF retail/medical office building • Turnkey condition with modernized interiors and exterior upgrades
- Lease-Up & Owner-User Flexibility • One vacant unit totaling 2,000 SF • Ideal for owner-user to occupy while maintaining income
Executive Summary
Franklin Street is pleased to present 2633 E Commercial Boulevard - a newly renovated 6,591 SF multi-tenant retail/medical office building located along one of Fort Lauderdale’s primary east-west corridors. The property offers strong frontage and visibility on E Commercial Boulevard with convenient access to US-1, I-95, and the surrounding coastal residential communities.
The building consists of four units and is currently 70% occupied, with three tenants on short-term leases paying below-market rents - providing immediate mark-to-market upside. 2,000 SF can be delivered vacant at closing, providing an excellent opportunity for an owner-user to operate their business while generating stable income from the remaining tenants.
Surrounded by dense residential neighborhoods, national retailers, and strong medical and service-oriented demand, the asset offers a compelling value-add opportunity in a high-barrier-to-entry East Fort Lauderdale submarket. Ideal for an investor targeting lease-up and rent growth or an owner-user looking to secure a well-located footprint with supplemental income.
The building consists of four units and is currently 70% occupied, with three tenants on short-term leases paying below-market rents - providing immediate mark-to-market upside. 2,000 SF can be delivered vacant at closing, providing an excellent opportunity for an owner-user to operate their business while generating stable income from the remaining tenants.
Surrounded by dense residential neighborhoods, national retailers, and strong medical and service-oriented demand, the asset offers a compelling value-add opportunity in a high-barrier-to-entry East Fort Lauderdale submarket. Ideal for an investor targeting lease-up and rent growth or an owner-user looking to secure a well-located footprint with supplemental income.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,591 SF
Building Class
C
Year Built
1972
Price
$2,700,000
Price Per SF
$409.65
Cap Rate
6.64%
NOI
$179,280
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.78
Lot Size
0.19 AC
Zoning
CB, Fort Lauderdale - Community Business
Parking
55 Spaces (8.34 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ginza Salon & Spa
- Services
- -
- -
- -
- Kiki Spa Inc
- Arts, Entertainment, and Recreation
- -
- -
- -
- Medicolaser Skin-Hair Asthtc
- Health Care and Social Assistance
- -
- -
- -
- Pegasus Community Health Service
- Health Care and Social Assistance
- -
- -
- -
- Sensational Skin Care Face & Body Spa
- Educational Services
- -
- -
- -
- Smiles By Julia
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ginza Salon & Spa | Services | - | - | - | ||
| Kiki Spa Inc | Arts, Entertainment, and Recreation | - | - | - | ||
| Medicolaser Skin-Hair Asthtc | Health Care and Social Assistance | - | - | - | ||
| Pegasus Community Health Service | Health Care and Social Assistance | - | - | - | ||
| Sensational Skin Care Face & Body Spa | Educational Services | - | - | - | ||
| Smiles By Julia | Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Property type: Retail / Office / Medical • Available space: 2000 SF • Lease type: Triple Net (NNN) • Availability: Immediate • Zoning: Commercial corridor / C-1 • Parking: Ample customer parking in lot • Visibility & traffic: High-visibility frontage on E Commercial Blvd with strong drive-by traffic; close to major intersections and I-95
| Space | Size | Space Use | Position | Available |
| 1 | 2,000 SF | Retail | In-Line | Now |
1
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1
| Size | 2,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
• Property type: Retail / Office / Medical • Available space: 2000 SF • Lease type: Triple Net (NNN) • Availability: Immediate • Zoning: Commercial corridor / C-1 • Parking: Ample customer parking in lot • Visibility & traffic: High-visibility frontage on E Commercial Blvd with strong drive-by traffic; close to major intersections and I-95
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-13-07-0210 | Improvements Assessment | $995,710 |
| Land Assessment | $202,780 | Total Assessment | $1,198,490 |
Property Taxes
Parcel Number
49-42-13-07-0210
Land Assessment
$202,780
Improvements Assessment
$995,710
Total Assessment
$1,198,490
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2633 E Commercial Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.