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29364097
29364157

815 NE 13 STREET, Fort Lauderdale, FL 33304

JG
FL 3255904
Coldwell Banker Commercial
Coldwell Banker Realty
Listed by Coldwell Banker Commercial, Coldwell Banker Realty
$4,900,000
147 days on market
Updated 24 days ago

NE815 | Urban Commons

Details
APN 4942 35 00 0241
Property Type Retail, Hospitality (+1)
Sub Type Restaurant, Bar (+1)
Square Footage 8,495
Net Rentable (SqFt) 8,495
Units 3
Cap Rate 1.41%
NOI $73,320
Occupancy 67%
Tenancy Multi
Lease Type NNN
Lease Options TBD
Pro-Forma Cap Rate 5.99%
Pro-Forma NOI $293,320
Price per SqFt $612
Broker Co-Op Yes
Class B
Year Built 1970
Year Renovated 2018
Buildings 1
Stories 1
Lot Size (SqFt) 27,094
Zoning CB
Investment Type Value Add
Sale Condition For sale by owner

Freestanding Commercial | Built-Out Restaurant w/ Rare Drive-Thru | Income + Upside

Marketing description

Please do not disturb tenants or businesses on site. All inquiries must be directed to the listing broker.

🏢 NE815 | Urban Commons

A rare freestanding commercial asset offering income today and multiple paths to upside in one of Fort Lauderdale’s fastest-evolving corridors. Positioned on an oversized ±27,094 SF lot, this ±8,495 SF multi-tenant building delivers a highly desirable combination of scale, flexibility, and drive-thru functionality—a feature that is increasingly scarce in the market.

The property consists of three commercial suites, including two operating tenants on NNN leases (boutique hair salon and coffee shop), providing immediate, low-expense cash flow. The third suite is a fully built-out former restaurant with a drive-thru, currently vacant and turnkey for a new operator, presenting near-term NOI growth through lease-up or an owner-user opportunity.

Strong frontage, excellent visibility, and ample on-site parking enhance tenant demand and long-term value. Flexible zoning supports a wide range of strategies, including stabilization, repositioning, or future redevelopment as the surrounding area continues to densify.

Strategically located minutes from Downtown Fort Lauderdale & Las Olas, Flagler Village, Victoria Park, and Wilton Manors, the asset benefits from proximity to major lifestyle, residential, and employment hubs driving sustained demand for food, beverage, and service-oriented uses.

Key Investor Drivers:
• Freestanding building on oversized land parcel
• Drive-thru — rare, high-demand feature
• Immediate NNN income with upside from vacant restaurant
• Multiple exit strategies: lease-up, owner-user, or redevelopment
• Prime infill location in a high-growth submarket

A compelling opportunity to acquire hard-to-replace real estate with income, flexibility, and meaningful upside in a supply-constrained market.

**** Showings are by appointment only.

*** Please do NOT approach any onsite businesses or their staff.

www.815NE13.com

Investment highlights

🔑 Investment Highlights:

  • Freestanding Commercial Asset
    Hard-to-replicate freestanding building offering control, visibility, and long-term flexibility in a supply-constrained infill market.

  • Oversized ±27,094 SF Lot
    Exceptional land component providing optionality for repositioning, expansion, or future redevelopment.

  • ±8,495 SF Multi-Tenant Building
    Three distinct commercial suites allowing for diversified income streams and multiple leasing strategies.

  • Income In Place (NNN Leases)
    Boutique hair salon and coffee shop operating under triple-net (NNN) leases, minimizing landlord expenses and providing stable cash flow.

  • Fully Built-Out Restaurant w/ Drive-Thru (Vacant)
    Turnkey former restaurant space with a highly coveted drive-thru, currently vacant and ready for a new operator or owner-user — immediate upside through lease-up.

  • Drive-Thru = Scarce, High-Demand Feature
    Increasingly rare amenity that commands strong tenant demand and premium rental rates.

  • Strong Visibility & Frontage
    Excellent exposure along NE 13th Street with convenient access to Federal Hwy (US-1) and NE 5th Street.

  • Ample On-Site Parking
    Supports restaurant, service, and consumer-facing uses.

  • Prime Infill Location
    Minutes from Downtown Fort Lauderdale & Las Olas, Flagler Village, Victoria Park, and Wilton Manors.

  • Multiple Exit Strategies
    Stabilize, lease-up, owner-user entry, or longer-term redevelopment.

*** Seller financing available to qualified buyers.

Listing Contacts

JG
FL 3255904
Coldwell Banker Commercial
Coldwell Banker Realty
Listed by Coldwell Banker Commercial, Coldwell Banker Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$73,320.00
$6,110.00/mo

Valuation Metrics

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DSCR
1.5%
Cap Rate
1.5%
ROI

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Additional Information

Name
Coldwell Banker Realty
License
3255904
Brokerage Phone
954.463.1373
Title
Broker of Record
Brokerage Address
901 E Las Olas Blvd, Fort Lauderdale 33301
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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