LC 4th Avenue, LLC Acquires Retail Asset In Fort Lauderdale For $2.5M

The property involved in the sale is a portfolio of retail and land properties located at 1404 NE 4th Ave, Fort Lauderdale, FL. The asset includes 7,064 square feet of improved building space on a 26,308 square feet land, along with an additional 13,479 square feet of vacant commercial land. The properties have mixed zoning and offer unique flexibility to the buyer, with retail and multifamily zoning in place. The transaction closed at a price of $2,500,000.00.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000.00
• Address: 1404 NE 4th Ave, Fort Lauderdale, FL
• Market: Fort Lauderdale

Berger Commercial Realty/Corfac International Sales Associate Lawrence Oxenberg represented the seller, DAVIS & SON INC., in the sale of the properties. The buyer, LC 4th Avenue, LLC, et al., was represented by Steve Davis with SVN Commercial Realty. The portfolio consisted of the Davis Plumbing properties, attracting multiple interested parties due to their prime location just north of E. Sunrise Blvd in Fort Lauderdale. The deal was finalized on August 10.