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114 NW 5th Street

Fort Lauderdale, FL 33301

MLS#: F10506416

$6,000,000

Status: Active
Listing number: F10506416
Listing provided by: One Sotheby's International Re
Listing agent phone: None
Last update: a month ago
On site: 1 year, 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1959

Sq.Footage

N/A

2 ADJOINING PROPERTITIES DRASTICALLY REDUCED Be part of Downtown Fort Lauderdale's hottest redevelopment area, Fat Village. Located between W Sunrise Blvd and W Broward Blvd in an OPPORTUNITY ZONE and just a 5-minute walk to Fort Lauderdale's Brightline Station, this parcel is an ideal opportunity for mixed use or multifamily development. SALE ALSO INCLUDES PARCEL 430 NW FLAGER AVE Build up to 30 stories per zoning dept. of Ft. Lauderdale. No setbacks. Take advantage of the Live Local Act. **2 additional parcels available .37 acresProperty is in HubZone. Land survey in supplements

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.19

  • Property Type

    Commercial Sale

  • Property Sub Type

    Business

Price

  • Sales Price

    $6,000,000

  • Tax Amount

    $21,533

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

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Broward

Elementary School

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Listing Courtesy of Michelle DiMarco , One Sotheby's International Re

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Ashley Baillio

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2 ADJOINING PROPERTITIES DRASTICALLY REDUCED Be part of Downtown Fort Lauderdale's hottest redevelopment area, Fat Village. Located between W Sunrise Blvd and W Broward Blvd in an OPPORTUNITY ZONE and just a 5-minute walk to Fort Lauderdale's Brightline Station, this parcel is an ideal opportunity for mixed use or multifamily development. SALE ALSO INCLUDES PARCEL 430 NW FLAGER AVE Build up to 30 stories per zoning dept. of Ft. Lauderdale. No setbacks. Take advantage of the Live Local Act. **2 additional parcels available .37 acresProperty is in HubZone. Land survey in supplements

114 NW 5th Street

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Rare freestanding multi-tenant commercial asset with income in place, drive-thru capability, and significant value-add potential on an oversized ±27,094 SF lot. This ±8,495 SF building features three commercial suites including an operating boutique barber salon, an operating coffee shop, and the former Milk Money restaurant with a highly coveted drive-thru. Strong visibility, excellent frontage, ample parking, and flexible leasing configurations create multiple opportunities for investors and owner-users alike. Minutes from Downtown Fort Lauderdale, Las Olas, Flagler Village, Victoria Park, Wilton Manors, Fort Lauderdale Beach, US-1, and I-95. Owner financing available to qualified buyers. Lease opportunities also available. NE815 | Urban Commons is a rare freestanding commercial opportunity positioned for immediate income, future upside, and exceptional flexibility in one of Fort Lauderdale's most active and rapidly evolving commercial corridors. Located at 815 NE 13th Street, Fort Lauderdale, FL 33304, this ±8,495 SF building sits on an oversized ±27,094 SF parcel and offers a unique combination of visibility, parking, scale, and operational flexibility that is increasingly difficult to find in today's market. The property consists of three distinct commercial suites: • Established boutique barber salon operating under a long-term lease • Popular coffee shop operating under a long-term lease • Former Milk Money restaurant featuring a fully built-out commercial kitchen, substantial bar, outdoor patio, and rare drive-thru capability The former restaurant space is currently available and may be leased as a single approximately 5,700 SF premises or divided into two separate suites: • Front Space - Approximately 2,648 SF featuring a large built-in bar, customer seating areas, and hospitality-focused layout • Rear Space - Approximately 3,052 SF featuring a fully built-out commercial kitchen, restaurant infrastructure, and rare drive-thru capability • Combined Space - Approximately 5,700 SF incorporating both the front bar area and rear restaurant/kitchen facilities This leasing flexibility creates opportunities for investors seeking immediate lease-up potential, owner-users seeking occupancy, restaurant operators, franchise groups, hospitality concepts, and long-term investors looking to maximize value. One of the property's most valuable features is the existing drive-thru. Drive-thru opportunities remain extremely limited throughout Fort Lauderdale and Broward County, making this a highly desirable amenity for restaurant, coffee, quick-service, specialty food, and hospitality operators. Additional improvements include: • Fully built-out commercial kitchen • Large existing bar area • Outdoor patio space • Ample onsite parking • Strong visibility and street presence • Excellent ingress and egress • Existing customer traffic generated by onsite tenants • Flexible commercial layouts • Multiple leasing and ownership strategies The property benefits from an active tenant mix that creates daily traffic and visibility throughout the site. The coffee shop and barber salon provide consistent customer activity while supporting the overall appeal of the property. Strategically positioned within one of Fort Lauderdale's fastest-growing areas, the property is minutes from Downtown Fort Lauderdale, Las Olas Boulevard, Flagler Village, Victoria Park, Wilton Manors, Fort Lauderdale Beach, Federal Highway (US-1), and Interstate 95. The surrounding area continues to experience significant residential and commercial development, supporting long-term demand for retail, restaurant, service, and experiential uses. Potential strategies include: • Investment acquisition with lease-up upside • Owner-user acquisition • Restaurant or hospitality operator occupancy • Lease-up of restaurant space for increased income • Partial lease configurations • Full restaurant operation utilizing the entire 5,700 SF premises • Future repositioning opportunities • Long-term redevelopment potential Owner financing may be available to qualified buyers. The restaurant space is also available for lease in whole or in part, creating multiple paths to value creation and occupancy. Showings are strictly by appointment only. Please do not disturb tenants, employees, customers, or businesses. All information is deemed reliable but not guaranteed. Buyer shall independently verify all information, measurements, zoning, permitted uses, and other matters deemed material to its acquisition decision. Offering subject to change without notice.
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None Beds

None Baths

N/A

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None Baths

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None Beds

None Baths

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