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521 SW 3rd Ave - Downtown Ft Lauderdale Mixed-Use .33 Acres 0.33 Acres of Commercial Land Offered at $4,159,320 CAD in Fort Lauderdale, FL 33315

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INVESTMENT HIGHLIGHTS

  • Prime location in Fort Lauderdale, FL
  • Potential for high rental income
  • Zoned for commercial and mixed-use development
  • Proximity to major transportation routes
  • Strong potential for property appreciation
  • Close to business and entertainment districts

EXECUTIVE SUMMARY

NEW SALE STRUCTURE TERMS:
Ownership is now significantly more flexible and motivated to engage with the right development group to bring a new project to life in this rapidly transforming area of Fort Lauderdale.
They are open to considering a variety of deal structures, including:
-Seller Financing – Competitive rates and negotiable terms available
-Contingent Offers – Submissions contingent on city approvals to help reduce buyer risk
-Joint Venture Opportunities – Willing to explore partnerships that align long-term interests
-Creative Structuring – Ownership is open to smart, non-traditional proposals that unlock value
STRATEGIC LOCATION:
Positioned within a rapidly growing and evolving urban area, with strong demand for residential and mixed-use developments. The pipeline for new projects is impressive. This whole downtown area will change completely in the coming 5 to 10 years.
DEVELOPMENT FLEXIBILITY:
The zoning and character area guidelines provide the flexibility needed to create a unique, high-quality development that aligns with market demand. (Please download our Estimated Unit Count to have an idea of what can be built).

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $4,159,320 CAD
Sale Type Investment
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.33 AC
No. Stories 2
Year Built 1935
Zoning RAC-SMU - Mixed-Use. Primarily residential, with opportunities for retail.

1 LOT AVAILABLE

Lot

Price $4,159,320 CAD
Price Per AC $12,604,000.35 CAD
Lot Size 0.33 AC

Seize this opportunity to be part of Fort Lauderdale's urban transformation and create a landmark development. Zoning: RAC-SMU (Residential/Office/Retail Mixed Use) Lot Size: 14,500 sqft. Potential for up to 12 stories.

DESCRIPTION

Seize this opportunity to be part of Fort Lauderdale's urban transformation and create a landmark development that will contribute to the city's evolving skyline and vibrant community. 14,500 sq. ft. lot is zoned RAC-SMU, allowing for mixed-use development with a maximum height of 6 stories by right and up to 12 stories with conditional use approval. Surrounded by major projects and infrastructure investment, this site is ideal for developers looking to capitalize on Fort Lauderdale’s continued growth. Ownership is now significantly more flexible on new sales structure terms and motivated to engage with the right development group. They are offering structures like seller financing and/or joint-ventures. The lot currently features income-producing residential units, providing cash flow potential during the planning and entitlement process. This site is perfectly suited for a boutique condo building, multifamily rental, or mixed-use concept. Highlights: Zoning: RAC-SMU (Residential/Office/Retail Mixed Use) Lot Size: 14,500 SF Potential for up to 12 stories (via conditional use) Active development all around the site Walking distance to the river, parks, restaurants, and Brightline Income-producing structure on site Seller is open to creative terms including joint ventures, seller financing, or contingent offers.

Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32935808

  • Date on Market: 2024-08-23

  • Last Updated:

  • Address: 521 SW 3rd Ave, Fort Lauderdale, FL 33315

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