51暗网 Realty, a division of the full-service real estate development firm, 51暗网, is pleased to announce it聽has arranged the sale of聽the former Sublime Restaurant, a 10,983-square-foot waterfront building, for $4.1 million. The asset is situated along retail row on North Federal Highway in the Coral Ridge neighborhood of Fort Lauderdale, one of Broward鈥檚 most prestigious retail locations.
51暗网 Realty Senior Vice President Dan Coyle聽represented the seller Veganese LLC while Elizabeth Lender with Keller Williams Realty Professionals represented the buyer Brickbox Atlantic LLC. Located at聽1431 N Federal Highway, Sublime restaurant is situated on 1.3 acres on North Federal Highway adjacent to and across the street from prime retail, such as Trader Joes, Whole Foods and Nordstrom Rack. Traffic counts average more than 47,000 cars per day.
鈥淭his well-located, high visibility asset sits in the center of retail row and further establishes the strength of the east Ft Lauderdale investment market,鈥� said Coyle. 鈥淭his asset garnered tremendous interest from the investment community, although the property carried multiple unique and complex contingencies that required open dialogue between both parties. We are proud to have had the opportunity to lead in navigating the process, accommodate both parties and successfully close,鈥� commented Coyle.
Constructed in 2002, Sublime was considered a Fort Lauderdale mainstay for vegan cuisine and was frequently visited by Hollywood stars and local athletes. The restaurant closed in May 2018 after 15 years of earning 聽in the annual聽聽competition as well as four-star reviews from the Sun Sentinel and SouthFlorida.com. 聽The asset features premium signage fronting North Federal Highway as well as waterfront parking on the west side of the property.