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$ 4,900,000
Est. payment | /mo
6,342 SqFt
$ 4,900,000
Est. payment | /mo
6,342 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,342 sqft
Price per Sqft $772
MLS Listing ID A12104050
HOA Y/N No
Year Built 1941
Annual Tax Amount $43,775
Lot Size 1.313 Acres
Property Sub-Type Retail
Property Description
Rare opportunity to acquire a strategically located development site in the heart of Wilton Manors, directly on highly trafficked North Andrews Avenue, one of Broward County's major north-south commercial corridors. The 1.31-acre (57,209 SF) site is improved with a freestanding coin laundry in the front and a separate office building in the rear (6,342 SF total). The sale includes the existing coin laundry operation, upgraded with all-new commercial washers and dryers and generating approximately $12,000 per month in net income, providing immediate cash flow while preparing the property for future redevelopment. A purchaser may continue operating the coin laundry, lease the operation to a third-party operator, or ultimately redevelop the site. Zoned B-2 with TOC-W future land use and by-right development potential for up to 79 residential units, ideal for multifamily or mixed-use development. Prime frontage minutes from Wilton Drive, Flagler Village and Downtown Fort Lauderdale. A compelling combination of existing income, future development potential, and flexibility.
Location
State FL
County Broward
Area 3431
Zoning B-2
Exterior
Private Pool Yes
Building
Lot Description Flood Zone
Others
Tax ID 494227000220
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12104050
Listed by APEX Capital Realty LLC
Nearby Locations
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