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$ 4,900,000
Est. payment | /mo
0.31 Acres Lot
$ 4,900,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10547944
HOA Y/N No
Year Built 1961
Annual Tax Amount $51,837
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Business
Property Description
APPRAISED OCTOBER 2026 | PRICED BELOW APPRAISED VALUE! Exceptional investment opportunity in Fort Lauderdale's evolving NE 13th Street corridor. NE815 | Urban Commons features a freestanding ±8,495 SF commercial building on an oversized ±27,094 SF parcel with three commercial suites, two established income-producing tenants, and approximately 5,700 SF of available restaurant space. The former Milk Money restaurant features a fully built-out commercial kitchen, expansive bar, outdoor patio, and rare drive-thru capability. Significant value-add potential through increased rental income, tenant diversification, or owner occupancy. Excellent visibility, ample parking, and proximity to Downtown, Las Olas, Flagler Village, and Wilton Manors. An outstanding acquisition opportunity! **PROPERTY CONFIGURATION & INVESTMENT POTENTIAL** The property consists of three commercial suites, including two established businesses operating under long-term leases and the former Milk Money restaurant, comprising approximately 5,700 SF of existing restaurant and hospitality space. The operating coffee shop and boutique barber salon provide an established income stream and consistent customer activity. The former restaurant premises offer significant value-add potential for a future operator or owner-user seeking an existing hospitality infrastructure. **FORMER MILK MONEY RESTAURANT | ±5,700 SF** The former Milk Money restaurant occupies approximately 5,700 SF and features an extensive commercial buildout, including a fully equipped commercial kitchen, substantial built-in bar, spacious dining areas, outdoor patio, and highly desirable drive-thru capability. The existing improvements provide a substantial foundation for a future restaurant, hospitality concept, or other compatible commercial use, subject to applicable zoning and governmental approvals. **THE DRIVE-THRU ADVANTAGE** One of the property's most distinctive features is its existing drive-thru capability. Drive-thru facilities are highly sought after by restaurant operators, quick-service concepts, coffee brands, and franchise groups. Combined with the existing commercial kitchen, ample onsite parking, strong street visibility, and substantial parcel size, this feature enhances the property's appeal and long-term investment potential. Future drive-thru operations remain subject to verification of applicable permits and approvals. **EXISTING INCOME & VALUE-ADD OPPORTUNITY** The property benefits from two established, income-producing commercial tenants, providing an existing revenue stream while offering substantial upside through the approximately 5,700 SF former restaurant premises. For investors, the combination of existing income and vacant commercial space creates an opportunity to increase overall rental revenue and strengthen the property's investment performance. For owner-users, the property offers the potential to establish their own business within the former restaurant premises while benefiting from the income generated by the two existing tenants. **ADDITIONAL PROPERTY HIGHLIGHTS** - Freestanding commercial building with three suites - Two established businesses operating under long-term leases - Approximately 5,700 SF of existing restaurant and hospitality space - Fully built-out commercial kitchen - Substantial built-in bar and dining areas - Outdoor patio - Existing drive-thru capability - Ample onsite parking - Excellent visibility and street frontage - Established customer activity from existing businesses - Significant value-add and income growth potential - Potential owner-user occupancy - Future repositioning or redevelopment potential, subject to applicable approvals **STRATEGIC LOCATION** Situated along Fort Lauderdale's NE 13th Street corridor, the property benefits from its proximity to established residential neighborhoods, restaurants, local businesses, and ongoing commercial investment. Conveniently located near Downtown Fort Lauderdale, Las Olas Boulevard, Flagler Village, Victoria Park, Wilton Manors, Fort Lauderdale Beach, Federal Highway (US-1), and Interstate 95. The surrounding corridor's residential and commercial activity supports the property's long-term appeal for restaurant, retail, hospitality, and service-oriented uses. **INVESTMENT OPPORTUNITY** NE815 | Urban Commons offers a combination of established rental income, substantial existing improvements, and future income potential within a single commercial acquisition. The oversized parcel, freestanding building, existing restaurant infrastructure, and drive-thru capability provide multiple opportunities for investors seeking long-term value creation or owner-users seeking a centrally located commercial property. **SHOWINGS & ADDITIONAL INFORMATION** Showings are strictly by appointment only. Please do not disturb existing tenants, employees, customers, or operating businesses. Additional property information, existing lease details, and appraisal documentation may be made available to qualified prospective buyers upon request. All information is deemed reliable but not guaranteed. Buyers and their representatives must independently verify all information, including building and land measurements, financial information, lease terms, appraisal details, zoning, permitted uses, drive-thru approvals, and future development potential. Any proposed use or redevelopment is subject to applicable governmental approvals. Offering terms and availability are subject to change without notice.
Location
State FL
County Broward
Area 3380
Zoning CB
Interior
Interior Features InteriorFeatures
Heating Central, Individual
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Available
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description Landscaped, 1/4 to 1/2 Acre Lot
Dwelling Type Office,Retail
Sewer Public Sewer
Water Public
Others
Tax ID 494235000241
Acceptable Financing Cash, Owner Will Carry, Other
Listing Terms Cash, Owner Will Carry, Other
Virtual Tour https://my.matterport.com/show/?m=SrR3NRHqZB4&mls=1
Listed by Timothy J Singer Coldwell Banker Realty
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