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7 Baths
4,745 sqft

$1,750,000

1721 NE 8 Street, Fort Lauderdale FL

Price per sqft$368.81
Built in1966
Property size4,745 sqft
Property typeCommercial

Overview

Sold

Closed

Listed Dec 1, 2024

Updated 3 weeks ago

SEE OFFERING MEMORANDUM FOR MORE DETAIL *Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal. Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project. There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.

Additional information

MLS® ID
R11041532

Interior Features

Bathrooms
7
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.33 Acres

Other Property Details

Taxes
$34,050
Tax Frequency
Annually

Bought with Robert A Wainland with Coldwell Banker Commercial and Listed by Coldwell Banker Commercial

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Data last updated 6:23 PM UTC, 8/31/2026

 

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