1586 E Commercial Blvd 8,972 SF Vacant Retail Building Fort Lauderdale, FL 33334 $1,900,000 ($211.77/SF) 10.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated in Fort Lauderdale’s bustling commercial corridor, 1586 E Commercial Boulevard offers 8,972 square feet of high-visibility, versatile space.
- Oversized windows, front and rear entrances, ample parking, and an overhead door enhance accessibility and functionality for occupants and patrons.
- Flexible second-floor space includes approved residential use, furthering its unique investment or owner/user potential.
- With 50,000 vehicles passing daily (VPD), this property ensures superior building signage potential and exposure to local residents and travelers.
- Showroom, lobby, multiple private offices, and a spacious rear section accommodate retail, office, storage, or inventory needs.
- Between Interstate 95 and US Highway 1, minutes from desirable retailers and Fort Lauderdale-Hollywood International Airport (FLL).
EXECUTIVE SUMMARY
1586 E Commercial Boulevard’s striking façade showcases large windows that flood the interior with natural light, creating an inviting atmosphere for users and clients. Configured for functionality, the space offers front and rear entrances, convenient parking, and an overhead door for accessibility and loading logistics. The first floor includes a welcoming lobby and showroom area, multiple offices, and a spacious rear section that can be adapted for retail, office, storage, or inventory purposes. The second floor provides additional flexible space and is approved for residential use, further enhancing its potential.
Ideally positioned between Interstate 95 and US Highway 1/N Federal Highway, the property benefits from seamless entry to significant transportation routes and is just steps from a Broward County Transit bus stop. The Fort Lauderdale-Hollywood International Airport (FLL) is only a 20-minute drive away, an added convenience for business operations.
Surrounded by amenities such as Aldi, Holy Cross Health, CVS, and various shopping centers, 1586 E Commercial Boulevard sits in a thriving consumer hub with an average household income of $102,628 within a 5-mile radius and total consumer spending of $2.1 billion. This outstanding location, combined with its versatile interior, high exposure, and availability for both purchase and lease, makes it a valuable investment and an exceptional space for any business seeking visibility, flexibility, and long-term success.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$233,272
|
$26.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$233,272
|
$26.00
|
| Taxes |
$15,199
|
$1.69
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,199
|
$1.69
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
1586 E Commercial Boulevard boasts 8,972 square feet of prime commercial space spread across two well-appointed floors. The first floor is ideally suited for retail, office, or showroom use, featuring a welcoming layout with multiple private offices for added functionality. The second floor offers exceptional versatility, including the rare opportunity for residential use, making it an ideal space for live-work arrangements or additional business operations.
1586 E Commercial Boulevard boasts 8,972 square feet of prime commercial space spread across two well-appointed floors. The first floor is ideally suited for retail, office, or showroom use, featuring a welcoming layout with multiple private offices for added functionality. The second floor offers exceptional versatility, including the rare opportunity for residential use, making it an ideal space for live-work arrangements or additional business operations.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,486 SF | Office/Retail | - | Now |
| 2nd Floor | 4,486 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 4,486 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 4,486 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
ABOUT FORT LAUDERDALE
The city of Fort Lauderdale is just north of Fort Lauderdale-Hollywood International Airport, enjoying easy access through Interstate 95 and US 1. The city is central to the South Florida region and benefits not only from a growing local population and tourism-related traffic but also from the presence of a large city center. Downtown Fort Lauderdale is a significant office hub in the city, and the famous Las Olas Boulevard Strip is a premier shopping destination for tourists and residents.
Population and income growth has increased consumer buying power in the region, supporting retail demand. The number of international tourists and residents is projected to continue to grow over the coming years, further benefiting retail in the city.
Limited retail construction activity will result in few deliveries over the next few years. While healthy demand through the near term forecast should help keep vacancies in check, well below the U.S. average. The limited supply of well-located retail space, both a national and market level trend, will continue to bolster retail fundamentals, while residents continue to move into new apartment developments in Downtown Fort Lauderdale.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Jimmy John's | Fast Food | $ | 3 min walk |
| Lounge 14 Bar & Grill | - | - | 4 min walk |
| Pizza Hut | - | - | 3 min walk |
| Sabores Restaurant | Mexican | $$$ | 4 min walk |
| Chesapeake Bagel Bakery | American | $ | 4 min walk |
RETAIL |
||
|---|---|---|
| VCA Animal Hospitals | Animal Care/Groom | 3 min walk |
| Wells Fargo Bank | Bank | 2 min walk |
| Health Mart Pharmacy | Drug Store | 3 min walk |
| DaVita Kidney Care | MD/DDS | 7 min walk |
| ALDI | Supermarket | 10 min walk |
HOTELS |
|
|---|---|
| Courtyard |
106 rooms
3 min drive
|
| Trademark Collection by Wyndham |
30 rooms
5 min drive
|
| Hampton by Hilton |
102 rooms
6 min drive
|
| Sheraton Hotel |
258 rooms
7 min drive
|
| Marriott |
315 rooms
9 min drive
|
PROPERTY TAXES
| Parcel Number | 49-42-14-12-0270 | Total Assessment | $679,400 |
| Land Assessment | $92,060 | Annual Taxes | $15,199 ($1.69/SF) |
| Improvements Assessment | $587,340 | Tax Year | 2025 |
