Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 3114-20 E Sunrise Blvd, Fort Lauderdale FL 33034 The property consists of a 7,883 square ft mixed-use building on a 4,041 square ft (0.1-acre) lot. The property is on an excellent corner location, steps from Ft. Lauderdale beach with excellent frontage, visibility and accessibility. Average daily traffic counts are 40,000 vehicles on E Sunrise Blvd. The property comprises of 3 commercial units on the ground floor and 4 residential units on the second floor. The property is 100% occupied offering strong and stable cash flow for potential investors with significant upside potential through multiple leases on below market rents. All commercial leases feature 3-5% annual rent increases providing strong rent growth for a potential buyer. The area has a dense population with over 210,000 residents living within a 5-mile radius. The average household income is over $160K within 1-mile radius. The zoning of the property is SLA – Sunrise Lane District, allowing for a wide-range of commercial uses as well as redevelopment potential. The property offers ocean views and sits among numerous hotels, apartments, restaurants, bars, and shops attracting local and tourist traffic. The offering presents investors or developers with the opportunity to acquire an exceptional site in a high barrier to entry market in Fort Lauderdale Beach.