Prime Las Olas Retail Property for Sale

Written by Jacqueline Coleman

September 8, 2021

ComReal Miami-Coral Gables presents a prime Las Olas retail property for sale at 1404 – 1406 E. Las Olas Blvd, Fort Lauderdale, FL 33301. This property has been under the same ownership since 1974 with three separate folio numbers. Currently, 1404B is occupied by the U.S. Post Office, they have been a tenant for over 40 years and just signed a new five-year lease. Senna Made is a designer and manufacturer of high-end golf equipment. Falafel Time is a Mediterranean restaurant and is under construction with an anticipated opening date of the third quarter of 2021.

The property has 50 feet of frontage on Las Olas Boulevard in the heart of Ft. Lauderdale’s retail district. With the residential, office, and hotel developments surrounding Las Olas, this area is a vibrant 24/7 year-round community. On the west side of the Boulevard is Downtown Ft. Lauderdale/Riverfront submarket. The east side of the Boulevard is the world-famous Ft. Lauderdale Beach. The residential homes surrounding the Las Olas area are some of the most sought-after real estate in South Florida. Additionally, this location is easily accessible to all the major airports, seaports, downtown, entertainment district, and beaches.

 

Offering Summary:

Sale Price: $4,400,000

Price / SF: $801.46

Cap Rate: 5.0%

NOI: $219,540

Lot Size: 0.17 Acres

Year Built: 1955

Building Size: 5,490 SF

Renovated: 2021

Zoning: B-1

Market: Fort Lauderdale

 

For more information on this property and others, please contact Maria Agon McCarthy at 305-775-0982 or magonmccarthy@comreal.com.

 

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