511 SE 5th Ave, Fort Lauderdale FL 33301,Fort Lauderdale,Broward County,Commercial Sale

$3,500,000

Overview

Restaurant/Entertainment
Property Type

Description

Great For investors -6% Return, Have Been Rented for 5 Years , For Luxury European Cuisine Restaurant , Is currently fully finished, Very rare opportunity .SEE YOUTUBE VIDEO: 1) 1 Block to Las Olas, BEST FL RETAIL OPPORTUNITY. 2) 20 Foot high Ceiling. 3) Corner property w/ St access. 4) SIZE TOTAL 8,664 SF, (6,308 SF under air, additional 1,220 SF exterior covered area + 900 SF bathroom area) Can be expanded to extra 1000 SQFT 5) COMPARABLE: NURIVER 5 & 6 w/ 2,143 SF, SOLD FOR $ 2,150.000 IN 08/29/18 $1,000/PER SF, 6) LOCATION: THIS IS WATER FRONT, NEW & LUXURY CLASS A BUILDING IN FT LAUDERDALE DOWNTOWN, Next Court House. 7) 24 Hs Security. . $ 15,354 Taxes/Year .CONDO+Water+Insurance $ 2,680

Address

Open on Google Maps

Address: 5th Ave
City: Fort Lauderdale
State/county: Broward County
Zip/Postal Code: 33301

Details

Updated on January 20, 2024 at 12:41 pm

Price $3,500,000
Year Built 2005
Property Type Restaurant/Entertainment
Property Status Commercial Sale

Additional details

StreetDirPrefix SE
PublicSurveyRange 50
ShowingInstructions Call Listing Agent
ListAgentKey 622911562bdadbfc0ca4e425cd594189
TaxLegalDescription NURIVER LANDING COMM CONDO UNIT 101
OnMarketDate 2018-10-01
ListAgentEmail miamiplatinumrealtors@gmail.com
ContractStatusChangeDate 2018-10-01
MajorChangeTimestamp 2021-10-26T01:55:57.920Z
Flooring Carpet, Concrete, Tile
PhotosCount 32
SubAgencyCompensation 3%
StatusChangeTimestamp 2020-11-23T21:53:32.897Z
BuildingName NURIVER
AssociationFeeFrequency Monthly
PriceChangeTimestamp 2021-10-26T01:55:57.920Z
ListingKeyNumeric 302416055
MajorChangeType Price Increase
ListingContractDate 2018-10-01
ListAOR A-Miami Association of REALTORS
TaxAnnualAmount 15353
ListOfficeName The Keyes Company
CurrentUse Retail
OriginatingSystemKey miamire
BusinessType Restaurant/Bar, Retail Space
DualVariableCompensationYN no
PhotosChangeTimestamp 2020-11-23T22:06:03.481Z
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 305-931-8920
MlsStatus Active
StreetNumber 511
ListingKey 0e65afc7f996782f962c5cc87107b519
StateOrProvince FL
ShowingContactType Agent
ListOfficeKey 75184af86eb2e17c1ba08ad5f59e6799
Directions FROM SOUTH: TAKE I-95 EXIT 26 FOR FL-736/DAVIE BLVD. TURN RIGHT ONTO FL-736 E/DAVIE BLVD. TURN LEFT ONTO SE 3RD AVE. TURN RIGHT ONTO SE 6TH ST. TAKE THE 1ST LEFT ONTO SE 5TH AVE. DESTINATION WILL BE ON THE LEFT.
BridgeModificationTimestamp 2023-06-20T13:09:25.043Z
ListAgentFullName Marcio Sousa
PropertyCondition New Construction
ParkingTotal 8
ListAgentOfficePhone 305-931-8920
Stories 2
ParcelNumber 504210BF0010
ListingTerms All Cash, Conventional/Refinance
SignOnPropertyYN no
OtherExpense 0
Possession Funding
IDXParticipationYN yes
InternetAddressDisplayYN yes
ListAgentMlsId 3215510
StoriesTotal 2
ModificationTimestamp 2023-06-20T13:05:59.083Z
OriginatingSystemID miamire
PreviousListPrice 3200000
DaysOnMarket 1694
BuyerAgencyCompensationType %
ListOfficeMlsId KEYE17
Inclusions Fixtures
ListAgentDirectPhone 954-600-0550
StreetNumberNumeric 511
ParkingFeatures Assigned, Valet
PostalCodePlus4 2986
NumberOfUnitsInCommunity 2
ExpirationDate 2023-08-01
SyndicationRemarks Great For investors -6% Return, Have Been Rented for 5 Years , For Luxury European Cuisine Restaurant , Is currently fully finished, Very rare opportunity .SEE YOUTUBE VIDEO: 1) 1 Block to Las Olas, BEST FL RETAIL OPPORTUNITY. 2) 20 Foot high Ceiling. 3) Corner property w/ St access. 4) SIZE TOTAL 8, 664 SF, (6, 308 SF under air, additional 1, 220 SF exterior covered area + 900 SF bathroom area) Can be expanded to extra 1000 SQFT 5) COMPARABLE: NURIVER 5 & 6 w/ 2, 143 SF, SOLD FOR $ 2, 150.000 IN 08/29/18 $1, 000/PER SF, 6) LOCATION: THIS IS WATER FRONT, NEW & LUXURY CLASS A BUILDING IN FT LAUDERDALE DOWNTOWN, Next Court House. 7) 24 Hs Security. . $ 15, 354 Taxes/Year .CONDO+Water+Insurance $ 2, 680
ListAgentStateLicense 3215510
PublicSurveyTownship 50
ListOfficeFax 305-931-9853
ListingAgreement Exclusive Right To Sell
PublicSurveySection 10
ListingId A10547525
SpecialListingConditions Sale
OriginalListPrice 3500000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 3%
InternetAutomatedValuationDisplayYN no
OriginalEntryTimestamp 2018-10-10T19:57:24.673Z
SourceSystemKey 302416055
DocumentsAvailable Aerial Photo(S)
ListOfficeURL https://www.youtube.com/watch?v=i3pb2FBK_Cs
AssociationFee 2680
LotSizeSquareFeet 8664
Electric 100 Amp Service, 101-200 Amps
InternetConsumerCommentYN no
BuildingAreaTotal 8664