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2990 Griffin Rd 6,234 SF 100% Leased Retail Building Fort Lauderdale, FL 33312 $2,399,000 ($384.83/SF) 6.10% Cap Rate



Investment Highlights
- Recently renovated building featuring new roof, impact glazing, updated HVAC, and contemporary finishes throughout.
- Convenient access to major transportation routes, including I-95, I-595, Florida’s Turnpike, and US-1.
- Fully leased configuration with four retail/office suites, providing diversified income streams.
- Excellent frontage along Griffin Road with exposure to approximately 45,000 vehicles per day.
- Minutes from Fort Lauderdale–Hollywood International Airport and Port Everglades, supporting logistics and travel convenience.
- 16 dedicated parking spaces offering comfortable parking for tenants and visitors.
Executive Summary
Fully renovated 6,234 SF mixed-use commercial asset designed for both investors and owner-occupants modern, flexible, and positioned in one of Broward County’s most connected business corridors. Minutes from Fort Lauderdale–Hollywood International Airport, Port Everglades, I-95, and US-1, the property benefits from exceptional access, visibility, and daily traffic that consistently attracts quality tenancy. The building has been upgraded throughout, featuring a new roof, impact windows and doors, commercial-grade A/C systems, and high-end interior and exterior finishes creating a true turnkey environment with a clean, contemporary presence ideal for professional, medical, wellness, or retail users. For investors, the asset delivers an in-place cap rate of approximately 6.1% with additional upside through lease optimization and rent growth. The property is configured into four retail/office suites supported by 16 on-site parking spaces, providing diversified income and operational flexibility in a high-demand submarket. For owner-users, establish your headquarters while your property works for you occupy one suite and lease the remaining spaces to offset operating costs and build equity in a modern, income-producing asset. A rare combination of location, condition, and cash flow, 2990 Griffin Road stands as a strategic acquisition for those seeking both immediate performance and long-term value in South Florida’s thriving commercial landscape.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,234 SF
Building Class
B
Year Built/Renovated
1971/2023
Price
$2,399,000
Price Per SF
$384.83
Cap Rate
6.10%
NOI
$146,317
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.21 AC
Zoning
C-2 - C-2 General Commercial,Retail stores & storefronts, Professional / medical offices, Restaurants, Service businesses
Parking
16 Spaces (2.57 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 50-42-32-12-0010 | Improvements Assessment | $1,289,010 |
| Land Assessment | $76,330 | Total Assessment | $1,436,350 |
Property Taxes
Parcel Number
50-42-32-12-0010
Land Assessment
$76,330
Improvements Assessment
$1,289,010
Total Assessment
$1,436,350
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2990 Griffin Rd
