Home » Fort Lauderdale » 511 SE 5th Ave 101/102, Fort Lauderdale, FL 33301 | A10547525

Business For Sale 511 SE 5th Ave 101/102, Fort Lauderdale, FL 33301

$4,500,000
Price has increased by $1,000,000

Property Highlights

Listing ID A10547525 Status of this Listing: Active For Sale Property Type Commercial Sale Business Business Type Restaurant Building Area 8,664 Sqft/804.91 m2 approx. Lot area 8,664 Sqft/804.91 m2 approx. Year Built 2005 Waterfront Time of this property on Rebonus 2299 Day(s)

511 SE 5th Ave 101/102, Fort Lauderdale, FL 33301

Property Description: Great For investors -6% Return, Have Been Rented for 5 Years , For Luxury European Cuisine Restaurant , Is currently fully finished, Very rare opportunity .SEE YOUTUBE VIDEO: 1) 1 Block to Las Olas, BEST FL RETAIL OPPORTUNITY. 2) 20 Foot high Ceiling. 3) Corner property w/ St access. 4) SIZE TOTAL 8,664 SF, (6,308 SF under air, additional 1,220 SF exterior covered area + 900 SF bathroom area) Can be expanded to extra 1000 SQFT 5) COMPARABLE: NURIVER 5 & 6 w/ 2,143 SF, SOLD FOR $ 2,150.000 IN 08/29/18 $1,000/PER SF, 6) LOCATION: THIS IS WATER FRONT, NEW & LUXURY CLASS A BUILDING IN FT LAUDERDALE DOWNTOWN, Next Court House. 7) 24 Hs Security. . $ 15,354 Taxes/Year .CONDO+Water+Insurance $ 2,680

Useful Info

Previous Asking Price:$3,500,000
Original List Price:$3,500,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • New Construction
Number of Units Total:2
Levels:Two
Flooring:
  • Carpet
  • Tile
  • Concrete
Structure Type:
  • Retail
Stories:2

Property Features

Waterfront:Yes
Waterfront Features:
  • River Front

Taxes and Expenses

Tax Annual Amount:$15,353

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2018
Association Fee:$2,680
Association Fee Frequency:
  • Monthly

Terms

Documents Available:
  • Aerial
Disclosures:
  • Owner Is Listing Agent
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Building Name:NURIVER
Senior Community:No

Parking

Parking Total Spaces:8
Covered Spaces:0
Parking Features:
  • Assigned
  • Valet

Utilities

Electric:
  • 100 Amp Service

More Details

Other Information:
Ref335787971
Dock Height0
Property DescriptionRestaurant, retail.
Flood ZoneAH,X
FEMA Flood Zone DesignationsAH,X
Unit View
Housing Older Persons Act
Buy State
Water Access
Boat Services
Unit Design
Dock Information
Dock Number
Type of Governing Bodies
Tax Information
Boat Dock Accommodates
Style
PACE (Property Assessed Clean Energy) program
Subdivision Number
Miami-Dade Assessed Amount "Save Our Homes" (SOH) Value
Type of Association
For Lease MLS Number
Rental Deposit Includes
Buyer Country of ResidenceCommonAreaMaintAmount
Building Number
Homeowner's Association Application Fee
Rooms Description
Number of Ceiling Fans
Common Area Maintenance Includes
Municipal Code

Zoning and Legal

Tax Legal Description:NURIVER LANDING COMM CONDO UNIT 101
Real Estate Folio Number (Parcel Number):504210BF0010
Public Survey Range:50
Public Survey Section:10

Listing History

Update/EventDate/Days
Published Date:October 10, 2018 3:57 pm
On Market Date:October 1, 2018
Price Change Date Time:February 15, 2024 6:06 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:February 15, 2024 6:06 pm
Status Last Changed:November 23, 2020 4:53 pm
Photos Last Modified:February 20, 2024 6:07 am
Last Modified:January 21, 2025 7:10 pm
Days on the Market Reference Date:January 21, 2025
Days on the Market (updated on Last Modified*):2275
Cumulative Days on the Market (updated on Last Modified**):2275

Additional Information

Lot Size Range:1+ To 2 Acres
Number of Photos:32
Location:,,
Included:Fixtures,,
Geographical Area:Ft Ldale SE (3280;3600;3800)
Area:3800
Courtesy of:The Keyes Company
Attribution:954-600-0550
Universal Property Id:US-12011-N-504210BF0010-R-N

Location

Show Property Address:Yes
Street Name:5th Ave
Street Number:511
Street Direction Prefix:SE
Street Address:511 SE 5th Ave 101/102
Unit Number:101/102
City : Fort Lauderdale
State : Florida
Zip Code : 33301
County : Broward
Full Address:511 SE 5th Ave 101/102, Fort Lauderdale, FL 33301
Latitude:N26° 6' 58.6''
Longitude:W81° 51' 37.8''

Neighborhood

Postal City:Fort Lauderdale

Property Map