Flagler Village Second-Generation Restaurant
Owner-User / Value-Add Opportunity | Pro Forma 10%+ Cap Rate
Marketing description
Franklin Street is pleased to present 702–706 NE 1st Avenue, an 8,864-square-foot two-story retail building in the heart of Fort Lauderdale’s Flagler Village. The first floor spans 6,384 square feet and is fully built out as a restaurant and bar space, with the flexibility to be divided into two units of approximately 3,257 and 3,127 square feet. The second floor offers 2,480 square feet of newly renovated office space with clean, modern finishes, providing a functional and attractive environment for a variety of users. This layout makes the property ideal for an owner-user or as a value-add investment through lease-up at market rates.
Located steps from major redevelopment projects, including Hines’ 835,000-square-foot FAT Village and the Searstown Redevelopment, the site offers unmatched access to one of South Florida’s fastest-growing corridors. It is within walking distance of the Brightline station and near I-95 and N Andrews Avenue.
Surrounded by over 150,000 residents within three miles with average household incomes above $109,000, the property offers strong long-term rent growth potential in a high-barrier-to-entry market.
Investment highlights
Prime Location in Flagler Village
Located in one of Fort Lauderdale’s fastest-growing neighborhoods
Just 0.25 miles from the 835,000 SF Hines FAT Village mixed-use project
Steps from Searstown Redevelopment and multiple luxury multifamily developments
Fully Built-Out Restaurant Space
Turnkey condition with complete restaurant build-out in place
Ideal for immediate occupancy by an owner-user or investor
Significant savings on initial build-out costs
High Barrier-to-Entry Market
Limited retail acquisition opportunities in Fort Lauderdale’s urban core
Strong potential for long-term rent growth and property appreciation
Strong Demographics & Foot Traffic
Over 150,000 residents within a 3-mile radius
Average household income exceeds $109,000
Excellent Accessibility & Exposure
Convenient access to I-95 and N Andrews Avenue (20,900 VPD)
Walking distance to residential, retail, and office developments
Nearby Brightline Station with direct connections to Miami, West Palm Beach, and Orlando
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
