701 N ANDREWS – NNN

701 N Andrews Avenue presents a rare opportunity to acquire a fully leased, freestanding commercial asset in the heart of Downtown Fort Lauderdale’s rapidly transforming Flagler Village and Progresso Village neighborhoods. This ±5,168-square-foot concrete block building sits on a 0.25-acre parcel with high-visibility frontage along N Andrews Avenue—one of the area’s main north-south corridors experiencing significant residential, commercial, and mixed-use development.

The property is currently leased to Come Together LLC on a triple-net (NNN) basis, generating an annual net operating income of $211,563, with a two-year lease term commencing at the close of escrow and one additional one-year option. This offering provides immediate in-place income with minimal landlord responsibilities, making it an ideal fit for passive investors seeking secure cash flow.

With a 6.25% cap rate, the property is competitively priced at $3,385,000, offering strong fundamentals in a vibrant submarket known for high population growth (+8.4% since 2010), a burgeoning arts and tech scene, and ongoing urban renewal initiatives.

Strategically located in the NWRAC-MUe (Northwest Regional Activity Center – Mixed Use East) zoning district, the site permits a broad range of commercial, residential, and cultural uses, allowing future redevelopment potential in a district designed to foster walkable, pedestrian-friendly environments with flexible building heights and density.