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Investment Highlights

  • Corner parcel with dual frontage on SW 2nd Court & SW 38th Terrace
  • ~$80,930 annual gross income / $59,200 NOI at a 5.9% CAP rate
  • Tenants pay prorata share of RE taxes; no CAM fees, landlord pays insurance
  • Stabilized in-place income with value-add and repositioning upside
  • Priced at $1,000,000 ($247 PSF) — well suited for 1031 exchange buyers
  • On-site parking serving tenants and customers in a dense residential trade

Executive Summary

CMV Commercial – The Martinez Team is pleased to exclusively present the opportunity to acquire 3870–3890 SW 2nd Court, a multi-tenant retail investment property located in the East end of Plantation, Florida.
Positioned on a visible corner parcel within an established neighborhood retail corridor, the property consists of approximately 4,056 square feet and offers investors the opportunity to acquire a stabilized income-producing asset in one of Broward County’s most desirable submarkets. The property benefits from frontage along SW 2nd Court and SW 38th Terrace, providing excellent accessibility and convenient customer parking.
The asset is currently configured for multiple tenants, creating diversified income potential and flexibility for future leasing strategies. With approximately $80,930 in annual gross income, the property presents a compelling opportunity for investors seeking stable cash flow with long-term upside potential through lease-up, rental growth, or future repositioning.
Surrounded by dense residential neighborhoods and established local businesses, the property benefits from consistent neighborhood traffic and strong demand for service- oriented retail and professional uses. Plantation continues to attract both residents and businesses due to its central Broward County location, strong demographics, and proximity to major transportation corridors including Interstate 95, Interstate 595, and Florida’s Turnpike.
The site’s corner positioning, accessibility, and functional layout create a highly desirable neighborhood retail environment within a supply-constrained market. This offering is well-suited for private investors, owner-users, and 1031 exchange buyers seeking a well-located retail asset with in-place income and future upside in South Florida.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,056 SF
Building Class
C
Year Built
1966
Price
$1,000,000
Price Per SF
$246.55
Cap Rate
5.92%
NOI
$59,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.23 AC
Zoning
B-HC
Parking
11 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
118’ on SW 2nd Ct

Amenities

  • Bus Line
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

Stop & Shop
TD Bank
Chase
Miami Grill
Bank of America
Checkers
Publix
Wells Fargo Bank

Property Taxes

Property Taxes

Parcel Number
50-42-07-08-0730
Land Assessment
$69,510
Improvements Assessment
$767,190
Total Assessment
$899,390
  • Listing ID: 40664081

  • Date on Market: 5/26/2026

  • Last Updated:

  • Address: 3870-3890 SW 2nd Ct, Fort Lauderdale, FL 33312

Contact the Sale Advisor

Multi-Tenant Retail Investment Opportunity | 3870-3890 SW 2nd Ct

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