Overview
Apex Capital Realty is proud to present a rare opportunity to acquire a strategically located development site in the heart of Wilton Manors, directly on highly trafficked North Andrews Avenue, one of Broward County's major north-south commercial corridors.
The 1.31-acre site is improved with a freestanding coin laundry in the front and a separate office building in the rear. The sale includes the existing coin laundry operation, which has been upgraded with all-new commercial washers and dryers and generates approximately $12,000 per month in net income. This provides a purchaser with immediate cash flow while evaluating and preparing the property for future redevelopment.
A purchaser may elect to continue operating the coin laundry, lease the operation to a third-party operator, or ultimately redevelop the site. With by-right development potential for up to 79 residential units, the property offers a compelling combination of existing income, future development potential, and flexibility.
Whether an investor is looking to land-bank while generating income or move toward a new residential/mixed-use development, 2605 N Andrews Ave offers exceptional frontage, visibility, and long-term value in the heart of East Broward.
Property details
Full property details, offering memorandum and financials are available from the listing advisor. Information is deemed reliable but not guaranteed; subject to errors, omissions, prior sale or lease, or withdrawal without notice.
