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Retail Building with Established Bakery 2909-2911 E Commercial Blvd 2,731 SF 100% Leased Retail Building Fort Lauderdale, FL 33308 $1,299,000 ($475.65/SF) 4.06% Cap Rate
Investment Highlights
- Strong NOI: $52,800/year with full occupancy
- Below-Market Rents: Upside potential through renewals
- Desirable Demographics: Strong local income and retail demand
- Fully Leased: 0% vacancy in a high-demand corridor
- Prime Exposure: 54’ of frontage with over 43,000 VPD
- Established Tenants: Long-term local businesses in place
Executive Summary
The Property is a Edelweiss Bakery that has been successfully operating for over 20 years. 2909–2911 E Commercial Blvd features 36 parking spaces, 54’ of high-visibility frontage (43,000+ VPD), and strong demographics ($107k avg. household income within 1 mile). With below-market NNN leases ($2.64–$3.23/SF) and an 88 Walk Score, this turnkey investment provides immediate cash flow and upside through rental adjustments
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,731 SF
Building Class
C
Year Built
1966
Price
$1,299,000
Price Per SF
$475.65
Cap Rate
4.06%
NOI
$52,739
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.08 AC
Zoning
CB - Community Business zone allows retail, office, restaurants, and services serving nearby neighborhoods.
Parking
36 Spaces (13.18 Spaces per 1,000 SF Leased)
Frontage
54’ on E Commercial Blvd
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $585,650 | |
| Land Assessment | $84,000 | Total Assessment | $669,650 |
Property Taxes
Parcel Numbers
Land Assessment
$84,000
Improvements Assessment
$585,650
Total Assessment
$669,650
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Retail Building with Established Bakery | 2909-2911 E Commercial Blvd
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