Flagler Village
Closed702-706 NE 1st Ave, Fort Lauderdale, FL 33304
Property type
Retail
Unit / Space count
1
Building size
Rentable area
8,864 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$2660000
Property 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 6,382 square feet and is fully built out as a restaurant and bar space, with the flexibility to be divided into two units of approximately 3,255 and 3,127 square feet. The second floor offers 2,482 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.
Property highlights
- Prime Location in Flagler Village
- Situated in one of Fort Lauderdale’s fastestgrowing neighborhoods
- Just ¼ mile 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 buildout in place
- Ideal for immediate occupancy by an owner-user or investor
- Significant savings on initial buildout 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 providing direct connections to Miami, West Palm Beach, and Orlando