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31874572
31874605

2633 E Commercial Blvd, Fort Lauderdale, FL 33308

DM
FL SL3500133
Franklin Street
Listed by Franklin Street
$2,700,000
87 days on market
Updated 30 days ago

2633 E Commercial Blvd

Details
APN 494213070210
Property Type Retail, Office
Sub Type Storefront, Shopping Center (+1)
Square Footage 6,591
Net Rentable (SqFt) 6,591
Units 4
Cap Rate 6.64%
NOI $179,315
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5.1
Lease Expiration 10/30/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 7.23%
Pro-Forma NOI $195,125
Price per SqFt $410
Broker Co-Op Yes
Year Built 1972
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.190
Zoning CB - Community Business
Parking Spaces 20 spaces
Parking Per SqFt 3.03
Investment Type Value Add
Lease Commencement 09/30/2023
Ground Lease No
Ownership Fee Simple

East Fort Lauderdale Retail/Medical | 6.64% Cap | Newly Renovated | Value Add/Owner User Opportunity

Marketing description

Franklin Street is pleased to present 2633 E Commercial Boulevard - a newly renovated 6,591 SF multi-tenant retail/medical office building located along one of Fort Lauderdale’s primary east-west corridors. The property offers strong frontage and visibility on E Commercial Boulevard with convenient access to US-1, I-95, and the surrounding coastal residential communities.

The building consists of five tenants and is currently 100% occupied, with three tenants on short-term leases paying below-market rents - providing immediate mark-to-market upside. 2,000 SF can be delivered vacant at closing, providing an excellent opportunity for an owner-user to operate their business while generating stable income from the remaining tenants.

Surrounded by dense residential neighborhoods, national retailers, and strong medical and service-oriented demand, the asset offers a compelling value-add opportunity in a high-barrier-to-entry East Fort Lauderdale submarket. Ideal for an investor targeting lease-up and rent growth or an owner-user looking to secure a well-located footprint with supplemental income.

2633 E Commercial Boulevard is strategically positioned along one of East Fort Lauderdale’s primary commercial corridors, offering strong frontage, visibility, and accessibility. Commercial Boulevard serves as a major east-west artery connecting Interstate 95 to the coastal communities, while nearby US-1 (Federal Highway) provides direct north-south access throughout Broward County. This central location allows the property to capture both commuter traffic and neighborhood-driven demand, reinforcing its long-term viability for retail and medical users.

The surrounding trade area is defined by affluent coastal neighborhoods and established residential communities with strong household incomes and high home values. The area supports a stable year-round population base rather than seasonal reliance, which is particularly attractive for medical, dental, and service-oriented tenants. Demographic trends in East Fort Lauderdale continue to reflect population stability, aging-in-place homeowners, and steady consumer spending patterns that benefit necessity-based retail.

Additionally, the property is situated within a well-established retail and healthcare corridor. Nearby medical providers, including Holy Cross Health, along with national retailers and daily-needs operators, drive consistent traffic and reinforce the corridor’s identity as a destination for essential services. Proximity to Lauderdale-by-the-Sea and other coastal communities further enhances the property’s appeal, positioning it within one of Broward County’s most desirable and supply-constrained submarkets with high barriers to new development.

Investment highlights

  • Prime East Fort Lauderdale Location
  • Frontage on E Commercial Boulevard with strong daily traffic counts
  • Excellent access to US-1, I-95, and Dixie Highway
  • Minutes to Lauderdale-by-the-Sea and surrounding afÒuent coastal neighborhoods
  • Newly Renovated Asset
  • Fully renovated 6,591 SF retail/medical office building
  • Turnkey condition with modernized interiors and exterior upgrades
  • Configured for five suites with flexible layout
  • Value-Add Opportunity
  • Three tenants on short-term leases below market
  • Immediate mark-to-market rental upside
  • Opportunity to restructure leases to NNN
  • Lease-Up & Owner-User Flexibility
  • One vacant unit totaling 2,000 SF
  • Ideal for owner-user to occupy while maintaining income
  • Investor opportunity to lease-up and stabilize cash flow
  • Strong Demographics & Demand Drivers
  • Dense residential population with strong household incomes
  • Established retail, medical, and service corridor
  • High demand for neighborhood-serving retail and medical office users

Listing Contacts

DM
FL SL3500133
Franklin Street
Listed by Franklin Street

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$179,315.00
$14,942.92/mo

Valuation Metrics

0
DSCR
6.64%
Cap Rate
6.64%
ROI

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Additional Information

Name
Dylan Morse
License
SL3500133
Brokerage
Franklin Street
Brokerage Phone
9548207455
Title
Senior Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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