Home Size: 0 sqft
Style: Commercial Property
Subdivision: Washington Park
This is a UNIQUE opportunity to invest a COMMERCIALLY ZONED property in a centrally located growth area in Fort Lauderdale. This property is currently operating as a nursery and has been in business since 1961 but can be developed into any commercial venture. properties is located at the corner of West Sunrise Boulevard and 28th Terrace. This property features 255 feet of frontage directly on the extremely well traveled and commercially successful, Sunrise Blvd., and 205 feet of frontage on 28th Terrace, just blocks from I-95 and close to the Florida Turnpike. The Ft. Lauderdale Swap Shop is just 2 blocks to your west. This property also features a 2,400 square foot warehouse. This is a perfect property to locate any type of business, with various exciting investment potentials.
Nationally, commercial vacancy rates have been declining in all of the major commercial sectors and rents have been rising at healthy rates. Job growth and international trade are fueling demand for space and facilities in this area. Investment grade real estate has been changing hands at unprecedented rates, demonstrating that the value of portfolio diversification into commercial real estate is being embraced strongly in the investment marketplace. One of the areas with the lowest industrial vacancies is West Palm Beach. The proximity of this area of Ft. Lauderdale to West Palm Beach and Miami via the Florida Turnpike gives this land a solid commercial real estate value. Located at the center of the tri-county region, Broward County offers a wide array of business opportunities for growth-oriented services, distribution, manufacturing, retail and construction firms. Commercial real estate refers to office buildings, shopping centers, hotels, warehouses, manufacturing facilities, apartment complexes, and the land that has the potential for development for these types of buildings. Large institutional investors have been increasing their asset allocations to commercial property holdings. The Ft. Lauderdale business communities are very conducive to fostering a demand for commercial real estate and business growth. From software technology to international trade, from financial services to tourism, Greater Fort Lauderdale enjoys a robust, diversified business climate. In recent years, Broward County (metropolitan Fort Lauderdale) has substantially outpace the national economic growth rate, while the countys population has climbed to nearly 1.7 million. Broward County is at the heart of the fast-growing South Florida region. View Virtual Tour ID 67781.