Rare freestanding multi-tenant retail 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 distinct commercial suites including an operating boutique hair salon, an operating coffee shop, and a fully built-out former restaurant space with a highly coveted drive-thru. Strong visibility, excellent frontage, ample on-site parking, and flexible zoning support multiple strategies including lease-up, repositioning, or future redevelopment. Ideally located minutes from Downtown Fort Lauderdale & Las Olas, Flagler Village, Victoria Park, and Wilton Manors. A truly rare opportunity offering scale, flexibility, and a drive-thru in one of the area's most active growth corridors. NE815 | Urban CommonsNE815 | Urban Commons is a rare freestanding retail investment positioned for both immediate income and significant future upside in one of Fort Lauderdale's most vibrant and rapidly evolving commercial corridors. Located at 815 NE 13th Street, Fort Lauderdale, FL 33304, this property offers an exceptional combination of scale, flexibility, visibility, and redevelopment potential ... a profile that is increasingly difficult to find in the market today.Property Overview:This +-8,495 square foot freestanding retail building sits on an oversized +-27,094 square foot lot, providing a commanding presence and rare land scale for the area. The building is configured with three distinct commercial suites, each with its own identity, use, and revenue potential:* An established boutique hair salon currently operating under a long-term NNN lease* A popular coffee shop also under a NNN lease* A fully built-out former restaurant space (Milk Money) featuring one of the few existing drive-thru capabilities in the submarket -- a premium feature that enhances both tenant appeal and future rent upside potential.The property's current occupancy mix provides a blend of stable cash flow and future optionality, with two income-producing tenants and one lease-ready suite that can be leased back, repositioned, or held vacant for operator entry. This hybrid income execution provides investors with flexibility in structuring the acquisition and optimizing returns.Investment Highlights:* Immediate income in place with salon and coffee shop on NNN leases* Restaurant space with drive-thru -- a highly desirable tenant amenity and limited-supply feature in this area* Flexible lease options including leaseback for the restaurant or re-leasing to a new operator* Ample on-site parking supporting tenant performance and customer convenience* Zoning supportive of commercial uses and potential redevelopment, enabling a range of value-add strategies* Significant pro forma upside driven by market rent growth, full occupancy, and rental resetsFinancial Profile:The current cap rate stands at approximately 1.41%, reflecting the existing rent roll. However, based on stabilizing all suites at market rent and executing lease roll or leaseback arrangements, the pro forma cap rate increases meaningfully (approximately 5.48%-6%), demonstrating significant value creation potential.Market & Location:NE815 benefits from proximity to multiple high-growth submarkets, including Flagler Village, Victoria Park, and Wilton Manors, which have emerged as major commercial and lifestyle hubs with robust demand drivers for retail, food & beverage, and experiential uses.The property is well positioned along NE 13th Street, with high visibility and easy connectivity to major thoroughfares including Federal Hwy (US-1) and NE 5th Street, providing seamless access to local traffic and regional movement. Retail, office, residential development, and lifestyle amenities in the trade area continue to expand, supporting long-term growth in consumer demand and tenant roster opportunities.Strategic Opportunities:* Lease-up the vacant restaurant with drive-thru to capture premium rental rates and enhanced NOI* Hold and reposition existing cash flow while market rents continue to rise in the submarket* Re-tenant or redevelop under flexible zoning frameworks to maximize long-term value as the area densifies and demand intensifies* Owner-user entry into a strategic freestanding location with income-supporting tenants and future expansion optionalityProperty Condition & Details:Constructed in 1991, the building offers sound structural integrity and functional commercial layouts suitable for retail, restaurant, and service uses, minimizing near-term capital expenditures while providing a contemporary tenant experience.Showings are available strictly by appointment only -- this asset must be experienced in person to fully appreciate its scale, location, tenant mix, and future potential. Please do NOT disturb onsite tenants, employees, or businesses. Direct all inquiries to the listing broker.Information is deemed reliable but not guaranteed. Buyer to verify all facts, figures, zoning, and permitted uses independently. Offering subject to change without notice.
