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Flagler Village 702-706 NE 1st Ave 8,864 SF Vacant Retail Building Fort Lauderdale, FL 33304 $3,500,000 ($394.86/SF) 9.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location in Flagler Village • Situated in one of Fort Lauderdale’s fastest growing neighborhoods • Just ¼ mile from FAT Village
- High Barrier-to-Entry Market • Limited retail acquisition opportunities in Fort Lauderdale’s urban core • Strong potential for long-term rent growth
- Excellent Accessibility & Exposure • Convenient access to I-95 and N Andrews Avenue (20,900 VPD) • Walking distance to residential, retail and offices
- Full Built-Out Restaurant Space • Turnkey condition w/ complete restaurant buildout in place • Ideal for immediate occupancy by owner-user or investor
- Strong Demographics & Foot Traffic • Over 150,000 residents within a 3-mile radius • Average household income exceeds $109,000
EXECUTIVE SUMMARY
floor offers 2,482 square feet of newly renovated office space with clean, modern finishes, providing a functional and attractive environment for a variety of users. This layout makes the property ideal for an owner-user or as a value-add investment through lease-up at market rates.
Located steps from major redevelopment projects, including Hines’ 835,000-square-foot FAT Village and the Searstown Redevelopment, the site offers unmatched access to one of South Florida’s fastest-growing corridors. It is within walking distance of the Brightline station and near I-95 and N Andrews Avenue.
Surrounded by over 150,000 residents within three miles with average household incomes above $109,000, the property offers strong long-term rent growth potential in a high-barrier-to-entry market.
PROPERTY FACTS
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This second-generation bar/restaurant space in Flagler Village, Fort Lauderdale, presents a unique leasing opportunity in one of the city’s most rapidly developing neighborhoods. The space is fully built out, allowing a new operator to open quickly without the need for extensive renovations. This is a rare chance to step into a turnkey operation in a highly sought-after area. Located just a short distance from Las Olas Boulevard, this space benefits from its proximity to one of Fort Lauderdale’s most popular destinations. The area has seen a surge in recent developments, from luxury residential buildings to creative office spaces, which has attracted a diverse and dynamic community. This asset is ideally positioned amidst two major upcoming developments, Hines FAT Village and AIMCO’s Searstown redevelopments. These projects are set to bring over 1,600 new residential units, 188 hotel rooms, and nearly 720,000 square feet of office, retail, and commercial spaces. The vibrant mix of culture, nightlife, and innovation makes Flagler Village a hotspot for both locals and visitors. In addition to the bar/restaurant space, there is also a retail or creative office opportunity available upstairs. This space can be leased together with the restaurant or separately, offering flexibility for businesses looking to establish a presence in this dynamic neighborhood. Given the limited availability of quality retail and dining spaces in Flagler Village, this lease offers a significant opportunity in a neighborhood with considerable barriers to entry. The high demand for spaces in this area underscores the value of securing a location in this thriving community. For those looking to establish or expand their presence in one of South Florida's most desirable neighborhoods, these fully equipped spaces provide the ideal foundation for a successful venture.
| Space | Size | Space Use | Position | Available |
| A1 | 3,255 SF | Retail | - | Now |
| A2 | 3,127 SF | Retail | - | Now |
| Suite 2 | 2,482 SF | Office | - | Now |
A1
| Size |
| 3,255 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
A2
| Size |
| 3,127 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Suite 2
| Size |
| 2,482 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
A1
| Size | 3,255 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
A2
| Size | 3,127 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This second-generation bar/restaurant space in Flagler Village, Fort Lauderdale, presents a unique leasing opportunity in one of the city’s most rapidly developing neighborhoods. The space is fully built out, allowing a new operator to open quickly without the need for extensive renovations. This is a rare chance to step into a turnkey operation in a highly sought-after area. Located just a short distance from Las Olas Boulevard, this space benefits from its proximity to one of Fort Lauderdale’s most popular destinations. The area has seen a surge in recent developments, from luxury residential buildings to creative office spaces, which has attracted a diverse and dynamic community. This asset is ideally positioned amidst two major upcoming developments, Hines FAT Village and AIMCO’s Searstown redevelopments. These projects are set to bring over 1,600 new residential units, 188 hotel rooms, and nearly 720,000 square feet of office, retail, and commercial spaces. The vibrant mix of culture, nightlife, and innovation makes Flagler Village a hotspot for both locals and visitors. In addition to the bar/restaurant space, there is also a retail or creative office opportunity available upstairs. This space can be leased together with the restaurant or separately, offering flexibility for businesses looking to establish a presence in this dynamic neighborhood. Given the limited availability of quality retail and dining spaces in Flagler Village, this lease offers a significant opportunity in a neighborhood with considerable barriers to entry. The high demand for spaces in this area underscores the value of securing a location in this thriving community. For those looking to establish or expand their presence in one of South Florida's most desirable neighborhoods, these fully equipped spaces provide the ideal foundation for a successful venture.
Suite 2
| Size | 2,482 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-42-34-07-1560 | Improvements Assessment | $3,479,400 |
| Land Assessment | $133,870 | Total Assessment | $3,613,270 |
PROPERTY TAXES
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Flagler Village | 702-706 NE 1st Ave
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