Price : $1,750,000
Listing Type : For Sale
Location : BrowardFlorida

This is  a successful shopping center located in the thriving city of Fort Lauderdale, FL. The center features 11,800+ square feet of concrete construction built in 1968 situated on a 27,600+ square  feet  lot.  The center  is  strategically  located  around  residential  dwellings  providing  ease  of access  to  residents  nearby.  Property  is  currently  94%  occupied,  and  has  long  term  tenants. Tenants are responsible for their own utilities, which gives minimal responsibility to the landlord. The property benefits from great  traffic  off  of  US­-441,  according  to  the  Florida  Department  of Transportation has a traffic count of 51,500 vehicles per day; bringing a strong customer base to the shopping center. The rents are currently significantly below market rates, and the savvy investor can bring rents up to market, while leasing out the vacant space to increase revenue. This represents a golden opportunity to acquire a highly cash flowing asset in a coveted location.