Home » Fort Lauderdale » 925 N Andrews Ave, Fort Lauderdale, Florida 33311 | A11354034

Business Sold 925 N Andrews Ave, Fort Lauderdale, Florida 33311

$899,999
closed for a price of $799,000

Property Highlights

Listing ID A11354034 Status of this Listing: Closed Sold Property Type Commercial Sale Business Business Type Restaurant Building Area 1,500 Sqft/139.35 m2 approx. Lot area 6,000 Sqft/557.42 m2 approx. Year Built 1959 Time of this property from published date until Closing Date 177 Days

925 N Andrews Ave, Fort Lauderdale, Florida 33311

Property Description: The sky is the limit to this excellent development opportunity along Fort Lauderdale 's Andrews Avenue at the apex of the burgeoning Flagler Village. Here is a unique opportunity to purchase two plots 925 and 921 N Andrews (sold separately) for complementary development. Or have the restaurant of your dreams! 925 N Andrews is NWRAC-MUNE zoned that allows up to 110 feet (10 floors!). 921 N Andrews (41,104 square feet), which can be leased by land for easier financing, is zoned RMM-25 that allows for up to 25 residences or 30 hotel rooms. Both are in Fort Lauderdale 's Enterprize Zone and are eligible for CDBG funding. Images are just concepts. The buyer must do his/her own due diligence.

Useful Info

Contingency:3rd Party Approval
Previous Asking Price:$799,999
Original List Price:$3,500,000
Close Price:$799,000

Lease Details

Lease Terms Description:Month To Month Lease

Land Lot (Parcel) Details

Lot Size Acres:0
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:1
Number of Units Total:2
Levels:Two
Construction Materials:
  • Block
  • Frame
  • Stucco
Stories:1

Property Features

Waterfront:No
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Exhaust Fan

Taxes and Expenses

Tax Annual Amount:$3,029

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.

Terms

Listing Terms Considered by Seller:
  • Lease with Buyer Option to Purchase Agreement
  • Lease and Purchase Agreement
Occupant Type:
  • Owner
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Conventional
Lease Term:
  • Month To Month
Lease Considered:Yes

Community

Senior Community:No

Parking

Covered Spaces:0
Parking Features:
  • Common
  • Free Parking

Utilities

Sewer:
  • Public Sewer

More Details

Other Information:
Buyer Country of ResidenceUSA
Buy StateFlorida
Flood ZoneAH
For Lease MLS NumberA11129724
FEMA Flood Zone DesignationsAH
Subdivision Number5

Zoning and Legal

Tax Legal Description:PROGRESSO 2-18 D LOT 11 LESS E 15 FOR ST,12 LESS E 15 FOR ST BLK 210
Real Estate Folio Number (Parcel Number):494234056270
Zoning Description:NWRAC-MUNE
Public Survey Range:49
Public Survey Section:34
Title to the property is held by owner as:
  • Self Proprietor/individual

Listing History

Update/EventDate/Days
Published Date:March 8, 2023 3:57 pm
On Market Date:March 8, 2023
Close Date:September 1, 2023
Price Change Date Time:June 26, 2023 4:29 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:September 4, 2023 6:51 pm
Status Last Changed:September 4, 2023 6:51 pm
Photos Last Modified:June 28, 2023 3:17 pm
Last Modified:September 4, 2023 10:52 pm
Days on the Market (updated on Last Modified*):145
Cumulative Days on the Market (updated on Last Modified**):145

Additional Information

Number of Photos:8
Location:,,
Included:Building & Land,Business,Equipment,Furniture/Fixtures,Signs Included,Trade Name,
Geographical Area:North Broward Us1 To Dixie Hwy (3311-3342)
Area:3510
Courtesy of:Peridot Properties, LLC
Universal Property Id:US-12011-N-494234056270-R-N

Location

Show Property Address:Yes
Street Name:Andrews Ave
Street Number:925
Street Direction Prefix:N
Street Address:925 N Andrews Ave
City : Fort Lauderdale
State : Florida
Zip Code : 33311
County : Broward County
Full Address:925 N Andrews Ave, Fort Lauderdale, Florida 33311
Latitude:N26° 8' 9.6''
Longitude:W81° 51' 20.1''

Neighborhood

Postal City:Fort Lauderdale

Property Map