0 Commercial BlvdFort Lauderdale, FL 33308

This exceptional 46,000 square foot commercial land assemblage in Lauderdale-by-the-Sea, Florida, presents a compelling investment opportunity. Located on E Commercial Blvd in Broward County (zip code 33308), this fee simple property boasts a pro-forma NOI of $2,000,000 and a pro-forma cap rate of 4.44%. The asking price is $45,000,000. The site encompasses Anglin's Pier and associated retail space, including parking lots, and one additional non-contiguous parcel. Zoning regulations permit a "3 over 1" development, with a height restriction of approximately 50 feet. This flexible zoning allows for a diverse range of development options, making it ideal for various commercial ventures, including restaurants and retail establishments. The property's prime location in Fort Lauderdale offers excellent visibility and accessibility, promising strong returns for the discerning investor. This is a rare opportunity to acquire a significant commercial land holding in a highly desirable coastal Florida location with substantial development potential. The property's size and zoning flexibility provide a unique platform for creating a landmark development. Serious inquiries are encouraged.