For Sale
$3,200,000

1401 5Th AveFort Lauderdale, FL 33304

0.75-acre site, 5,330 SF building, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity encompasses a prime 0.75-acre site in Fort Lauderdale, Florida, strategically located across three contiguous parcels at 1401 NE 5th Ave & 1404-1408 NE 4th Ave, zip code 33304, within Broward County. The property includes a 5,330 square foot freestanding retail/warehouse building constructed in 1961, situated on approximately 0.30 acres. Two additional vacant parcels complete the assemblage: a 0.14-acre lot zoned CB and a 0.31-acre lot zoned RM-15 (allowing for 15 dwelling units per acre). A pre-existing site plan for a four-unit townhome development is available for the RM-15 zoned parcel. The entire property is currently vacant and presents a unique chance to capitalize on its diverse zoning and existing infrastructure. The single-story building offers immediate income potential or redevelopment possibilities, while the vacant land provides significant upside for residential or commercial expansion. This is an ideal investment for developers seeking a mixed-use project in a vibrant Fort Lauderdale location. The property's location offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial land holding with existing improvements in a desirable area. The asking price for this exceptional redevelopment opportunity is $3,200,000.

Highlights

  • $3,200,000 asking price for a redevelopment opportunity.
  • 0.75-acre site in Fort Lauderdale, FL, encompassing three contiguous parcels.
  • Existing 5,330 SF freestanding retail/warehouse building.
  • Two vacant parcels zoned CB and RM-15 (allowing 15 dwelling units per acre).
  • Approved site plan for a four-unit townhome development on one vacant parcel.

Property Details for 1401 5Th Ave

Property type
Warehouses, Retail properties
Square Feet
5,330 SF
Year Built
1961
Buildings
1
Stories
1
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.144330256246
Longitude
-80.139681487228
1401 5Th Ave, Fort Lauderdale, Florida

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1401 5Th Ave
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