Warehouse

1918 S Andrews Ave

Listing Price: $4,975,000

Cap Rate
8.87%
Gross SF
19,194
Price/Gross SF
$259.20
Lot Size
1.01 acres
Year Built
1947
Rentable SF
19,194

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale a five parcel portfolio located in Downtown Fort Lauderdale at 1901-1918 South Andrews Avenue and 1853 SE 1st Avenue in Fort Lauderdale, Florida.

The property totals to 1.01 acres (44,250 SF) of land and includes a 19,194 square foot vacant warehouse, a four-unit multi-family building, and three vacant parcels. The offering includes renderings for the warehouse to be converted into a brewery, a concept used in many areas of Fort Lauderdale such as nearby Flagler Village. Current zoning is SRAC-SAe, a liberal zoning code allowing for a variety of uses including retail, multi-family, office, medical office, hotel, and more. The property is positioned for an investor to acquire for adaptive reuse, as an owner-user investment, or as a redevelopment deal.

The subject property has over 230 feet of frontage on South Andrews Avenue and is easily accessed from i-95, i-595, and The Florida Turnpike. The property sits in the core of Fort Lauderdale's business district and is under a half a mile from Broward Health and Medical Center. The location is also near new development projects including the 501 Seventeenth Mixed-Use project, Port Everglades, The Brightline Station, Fort Lauderdale & Hollywood International Airport, beaches, and many national retailers. Additionally, the immediate area has strong demographics with a population of over 248,501 within a five-mile radius of the subject property.

Fort Lauderdale, Browards largest municipality, has become one of Floridas fasted growing markets and a redevelopment hotspot. Downtown Fort Lauderdale has seen an influx of development over the past few years with millions of square feet of class A offices, luxury hotels, multifamily, and retail including restaurants, shops, and entertainment completed and under construction. The city has become a world-class international business hub and one of the most desirable locations for businesses and residents to relocate to. The offering presents investors with the opportunity to own in the heart of Broward County among 2 Million residents and over 50,000 businesses.

Investment Highlights

  • Located in the Heart of Downtown Fort Lauderdale
  • Includes Renderings for a Brewery
  • 1.01 Acres and Liberal Zoning for Potential Redevelopment
  • Close Proximity to Broward Health, Port Everglades, Airport & Development Projects

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

Listing Price: $4,975,000

Cap Rate
8.87%
Gross SF
19,194
Price/Gross SF
$259.20
Lot Size
1.01 acres
Year Built
1947
Rentable SF
19,194

Investment Highlights

  • Located in the Heart of Downtown Fort Lauderdale
  • Includes Renderings for a Brewery
  • 1.01 Acres and Liberal Zoning for Potential Redevelopment
  • Close Proximity to Broward Health, Port Everglades, Airport & Development Projects

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale a five parcel portfolio located in Downtown Fort Lauderdale at 1901-1918 South Andrews Avenue and 1853 SE 1st Avenue in Fort Lauderdale, Florida.

The property totals to 1.01 acres (44,250 SF) of land and includes a 19,194 square foot vacant warehouse, a four-unit multi-family building, and three vacant parcels. The offering includes renderings for the warehouse to be converted into a brewery, a concept used in many areas of Fort Lauderdale such as nearby Flagler Village. Current zoning is SRAC-SAe, a liberal zoning code allowing for a variety of uses including retail, multi-family, office, medical office, hotel, and more. The property is positioned for an investor to acquire for adaptive reuse, as an owner-user investment, or as a redevelopment deal.

The subject property has over 230 feet of frontage on South Andrews Avenue and is easily accessed from i-95, i-595, and The Florida Turnpike. The property sits in the core of Fort Lauderdale's business district and is under a half a mile from Broward Health and Medical Center. The location is also near new development projects including the 501 Seventeenth Mixed-Use project, Port Everglades, The Brightline Station, Fort Lauderdale & Hollywood International Airport, beaches, and many national retailers. Additionally, the immediate area has strong demographics with a population of over 248,501 within a five-mile radius of the subject property.

Fort Lauderdale, Browards largest municipality, has become one of Floridas fasted growing markets and a redevelopment hotspot. Downtown Fort Lauderdale has seen an influx of development over the past few years with millions of square feet of class A offices, luxury hotels, multifamily, and retail including restaurants, shops, and entertainment completed and under construction. The city has become a world-class international business hub and one of the most desirable locations for businesses and residents to relocate to. The offering presents investors with the opportunity to own in the heart of Broward County among 2 Million residents and over 50,000 businesses.

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

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