For Sale
$10,890,000

706 1St Ave Fort Lauderdale, FL 33311

1.085 Acres, 289 Units Potential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 1.085-acre development site in Fort Lauderdale, Florida, presents a unique opportunity to create a high-rise residential community. Located at 706 NW 1st Ave, Broward County, (zip code 33311), this property boasts approved plans for a 30-story building encompassing 289 residential units. The proposed development includes a diverse unit mix featuring 133 one-bedroom units, 10 one-bedroom units with dens, and 146 two-bedroom units, totaling 257,659 square feet of rentable space. A generous parking ratio of 1.0003 spaces per unit ensures ample parking for residents. The property's APN numbers are 494234071210, 494234071220, 494234071230, 494234071240, 494234071250, 494234071260, and 494234071270. The site offers significant potential for strategic parking reduction to optimize space and reduce costs. This prime location in Fort Lauderdale provides access to vibrant city amenities and presents an excellent investment opportunity for developers seeking to capitalize on the strong demand for luxury residential properties in this desirable market. The asking price for this exceptional development site is $10,890,000.

Highlights

  • $10,890,000 asking price.
  • 1.085-acre residential land parcel.
  • Located at 706 NW 1st Ave, Fort Lauderdale, FL 33311 (APN: 494234071210, 494234071220, 494234071230, 494234071240, 494234071250, 494234071260, 494234071270).
  • Development site for a 289-unit multifamily building with a mix of 1-bedroom, 1-bedroom + den, and 2-bedroom units.
  • 257,659 square feet of rentable space.

Property Details for 706 1St Ave

Property type
Land
Lot Size (sq. ft)
47,263 SF

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.131746
Longitude
-80.144727

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FAQs

What type of property is this?
Land - 1.085 Acres, 289 Units Potential
Where is the land located?
The property is located at 706 1St Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $10,890,000.
What are key features of this property?
This property features: $10,890,000 asking price.; 1.085-acre residential land parcel.; Located at 706 NW 1st Ave, Fort Lauderdale, FL 33311 (APN: 494234071210, 494234071220, 494234071230, 494234071240, 494234071250, 494234071260, 494234071270).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Dan Dratch
Dan Dratch
Ethan Krauss
Ethan Krauss
Zack McNamara
Zack McNamara
Ryan Wold
Ryan Wold
Visit Broker Website

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1St Ave
Fort Lauderdale, FL 33311

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Fort Lauderdale, FL 33311

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

706 1St Ave
  • Dan Dratch
    Dan Dratch
  • Ethan Krauss
    Ethan Krauss
  • Zack McNamara
    Zack McNamara
  • Ryan Wold
    Ryan Wold
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