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1212-1214 S Andrews Ave
Fort Lauderdale, FL 33316
Tarpon Village · Property For Sale
Investment Highlights
- STRONG IN-PLACE CASH FLOW WITH UPSIDE • Immediate cash flow from established tenancy • Average in-place rent approximately 10% below market
- PRIME INFILL LOCATION • Signalized hard corner of Andrews Ave & Davie Blvd • Minutes to Broward Health, Downtown Fort Lauderdale, Las Olas
- FLEXIBLE INVESTMENT OPPORTUNITY • Attractive opportunity for investors, family offices & developers • Multiple value-add and long-term hold strategies
- ESTABLISHED TENANCY • 17,489 SF multi-tenant medical/office property • Holy Cross anchors approximately 3,200 SF
- WELL-MAINTAINED PROPERTY • Professionally maintained by current ownership for 20+ years • No significant deferred maintenance
Executive Summary
Tarpon Village presents a rare opportunity to acquire a multi-parcel medical and professional office investment with significant covered land and future redevelopment potential in the heart of Fort Lauderdale. Located along Andrews Avenue, the property consists of seven parcels totaling approximately 1.19 acres with five buildings totaling 17,489 RSF.
The asset offers strong in-place cash flow with additional upside through lease rollover and mark-to-market rental growth, as several tenants are currently operating on short-term gross leases at below-market rents. The tenancy is anchored by Holy Cross, occupying approximately 3,200 SF, alongside Sharpe Project Developments, which has successfully operated out of the property for over 20 years and occupies 4,989 SF.
In addition to the current income stream, the property offers long-term redevelopment potential with a proposed 107-unit residential concept already studied across the site. While not currently entitled, substantial preliminary redevelopment work has been completed, positioning the asset as a strong future Live Local Act candidate.
Strategically located near Downtown Fort Lauderdale, Las Olas, and Flagler Village, Tarpon Village offers investors the rare ability to acquire a stabilized urban infill asset with immediate cash flow, below-market rents, and long-term redevelopment optionality in one of South Florida’s strongest growth markets.
The asset offers strong in-place cash flow with additional upside through lease rollover and mark-to-market rental growth, as several tenants are currently operating on short-term gross leases at below-market rents. The tenancy is anchored by Holy Cross, occupying approximately 3,200 SF, alongside Sharpe Project Developments, which has successfully operated out of the property for over 20 years and occupies 4,989 SF.
In addition to the current income stream, the property offers long-term redevelopment potential with a proposed 107-unit residential concept already studied across the site. While not currently entitled, substantial preliminary redevelopment work has been completed, positioning the asset as a strong future Live Local Act candidate.
Strategically located near Downtown Fort Lauderdale, Las Olas, and Flagler Village, Tarpon Village offers investors the rare ability to acquire a stabilized urban infill asset with immediate cash flow, below-market rents, and long-term redevelopment optionality in one of South Florida’s strongest growth markets.
Property Facts
| Price / SF | $303.22 / SF | Number of Properties | 5 |
| Cap Rate | 6.35% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 17,314 SF |
| Status | Active | Total Land Area | 1.68 AC |
| Price / SF | $303.22 / SF |
| Cap Rate | 6.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 17,314 SF |
| Total Land Area | 1.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| SE 1st Ave, Fort Lauderdale, FL 33316 | Land | 0.17 AC | - | - |
| 1212-1214 S Andrews Ave, Fort Lauderdale, FL 33316 | Office | 8,702 SF | 1961 | - |
|
Tarpon Village
1222 S Andrews Ave, Fort Lauderdale, FL 33316 |
Office | 3,872 SF | 1960 | - |
|
Tarpon Village
12 SE 12th St, Fort Lauderdale, FL 33316 |
Office | 3,200 SF | 1959 | - |
|
Tarpon Village
1216 S Andrews Ave, Fort Lauderdale, FL 33316 |
Office | 1,540 SF | 1977 | - |
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