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203-215 NE 3rd St - Approved Flagler Village Development Site 0.66 Acres of Commercial Land Offered at $23,723,701 CAD in Fort Lauderdale, FL 33301
INVESTMENT HIGHLIGHTS
- Full DRC site plan approval for a 48 story , 429 unit multifamily development
- Prime location in the heart of booming Flagler Village market
- Ready to go cleared site with most liberal RAC- CC zoning
EXECUTIVE SUMMARY
Prime development site in downtown Fort Lauderdale comprising .66 acres. Currently approved through DRC for the development of an upscale 48- story , 429 unit multifamily building with a 2,711 SF retail / restaurant plaza. Designed by the noted architectural firm of FSMY, the building presents a near shovel ready opportunity to develop a high rise, signature building in the booming Flagler Village market.
The property is within walking distance of the downtown core of Fort Lauderdale, Las Olas Boulevard and the new Brightline Train Station. The new $500 million Hines T-3 FAT Village complex is one block west and comprises multifamily apartments, 73,000 SF of curated food and beverage offerings, shopping , entertainment , art studios and galleries along with 176,000 SF of Class AA office space scheduled for completion in 2027.
Experienced institutional seller will consider short- term seller financing as well as potential JV opportunity with qualified developers with proven track records.
The property is within walking distance of the downtown core of Fort Lauderdale, Las Olas Boulevard and the new Brightline Train Station. The new $500 million Hines T-3 FAT Village complex is one block west and comprises multifamily apartments, 73,000 SF of curated food and beverage offerings, shopping , entertainment , art studios and galleries along with 176,000 SF of Class AA office space scheduled for completion in 2027.
Experienced institutional seller will consider short- term seller financing as well as potential JV opportunity with qualified developers with proven track records.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $23,723,701 CAD | Lot Size | 0.66 AC |
| Price Per AC | $35,945,001.36 CAD |
| Price | $23,723,701 CAD |
| Price Per AC | $35,945,001.36 CAD |
| Lot Size | 0.66 AC |
Prime .66 acre Development Site in booming Flagler Village market in downtown Fort Lauderdale. The site is approved through the Fort Lauderdale Development Review Committee ( DRC) for the construction of a 48- story tower containing 429 units.
DESCRIPTION
.66 acre site cleared and ready for development . Zoned RAC- CC ( Regional Activity Center- City Center) which is the most liberal zoning classification in the City of Fort Lauderdale. This zoning allows the maximum height and density allowable under city codes.
1 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $5,976,388 CAD | Total Assessment | $5,976,388 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,976,388 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,976,388 CAD
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203-215 NE 3rd St - Approved Flagler Village Development Site
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