24 NE 1st Ave

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24 NE 1st Ave

Dania Beach, FL 33004
Asking Price
$1.95M
Asset Type
Retail
Class
Class B

What's Special

24 NE 1st Ave is situated in the heart of Dania Beach, Florida, positioned just off the main thoroughfare of Federal Highway. The neighborhood is characterized by a mix of historic architecture and modern residential redevelopments, reflecting the city’s ongoing urban revitalization. The property is within walking distance of the Dania Beach City Hall and a variety of local dining and service amenities. It offers convenient transportation access, located minutes from the Fort Lauderdale-Hollywood International Airport, Port Everglades, and major transit routes including I-95 and US-1. This retail asset is suited for businesses seeking a high-visibility location within a transitioning submarket. Ideal use cases include boutique retail, professional service offices, or neighborhood-focused specialty shops. The typical tenant profile would benefit from the increasing residential density in the immediate area, catering to both the local workforce and residents of new multi-family developments. The space provides a functional layout for operators requiring a central, accessible storefront in the South Florida coastal region.

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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

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