1231 NW 31st Ave

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1231 NW 31st Ave

lauderhill, FL 33311
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

1231 NW 31st Ave is located in a high-traffic commercial corridor within Lauderhill, Florida. The property is situated near the intersection of NW 31st Avenue and W Sunrise Boulevard, two primary local thoroughfares. The surrounding neighborhood features a mix of established residential communities and dense commercial developments. Notable nearby amenities include regional shopping centers, local parks, and municipal offices. The location is well-served by public transportation via the Broward County Transit system and provides direct access to the Florida Turnpike and I-95, facilitating regional connectivity across the Broward County area. The property is suited for retail and service-oriented businesses seeking visibility in a high-density trade area. Ideal use cases include neighborhood storefronts, professional offices, or specialized consumer services. The typical tenant profile consists of local entrepreneurs, franchise operators, and retail businesses that benefit from consistent vehicular traffic and a steady local customer base. The building's layout and street-front presence cater to tenants requiring clear signage and accessibility for daily commuters. Consistent population density in the immediate radius supports a wide variety of commercial applications for this retail asset.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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