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Lauderdale Submarket Fort Lauderdale, FL 33316

Lauderdale Submarket Fort Lauderdale, FL 33316

Asking Price: 1.4M

Property consists of a 12, 547 SF ( .29 acre) vacant waterfront lot in downtown Fort Lauderdale. Property has full DRC approved plans for a 6 story , 9 unit condominium or apartment building overlooking the Tarpon River and downtown Fort Lauderdale. The conceptual building has a modern design with loft style interiors and is currently configured with 8 2 BR/ BA units and one larger penthouse unit containing 3 BR and 3.5 BA. All units have exterior balconies overlooking the water. 105 feet of waterfront with concrete dock on portion of it. Property is walking distance to Las Olas Boulevard, the Riverfront and adjacent to the upscale Rio Vista neighborhood. Nearby condos start at $600k and average $1.5 million for the larger towers downtown. Can also develop professional office building under current zoning.

INVESTMENT HIGHLIGHTS

  • Ready to go development opportunity in booming area; massive redevelopment underway in immediate area
  • Modern efficient design in concept building
  • In town urban location with easy access to major shopping, dining and commercial areas
  • Close proximity to other upscale residential areas

EXECUTIVE SUMMARY

Fully approved development plan for a 9 unit loft style building overlooking the water and downtown Fort Lauderdale . Unit mix comprised of 8 2 BR/2 BA units and 1 3 BR/3.5 BA penthouse unit . Covered parking, concrete dock and outdoor waterfront seating area in urban setting. Close proximity to Las Olas Boulevard, the Riverwalk and the upscale Rio Vista neighborhood . Construction plans are 90% complete and almost ready for city permitting. 105 feet on the water.

Only Cash Offer Considered-No Financing Contingency-
Only ZERO INSPECTION Offers Considered! -Do Due Diligence/ Inspections BEFORE Making Offers-