1021 1St StFort Lauderdale, FL 33311

This exceptional two-story commercial building, located at 1021 NW 1st Street in Fort Lauderdale, Florida, presents a unique investment opportunity. Built in 1957, the property sits on a 7,000 square foot lot in the heart of downtown, just one block from Broward Boulevard. Its B-3 zoning allows for a diverse range of uses, making it ideal for tradespeople, startups, breweries, and other businesses. The building's strategic location offers easy access to major highways, the Fort Lauderdale-Hollywood International Airport, and vibrant areas like Flagler Village and FAT Village. This property hasn't been on the market since 1980, representing a rare chance to acquire a well-situated asset in a rapidly developing area. The asking price is $1,200,000. Importantly, this location is within a designated New Market Tax Credit (NMTC) program area and an Opportunity Zone, providing potential tax advantages for investors. Furthermore, the property is eligible for Community Redevelopment Agency (CRA) improvement funds, allowing buyers to customize the building to their specific needs, mirroring successful renovations in the surrounding downtown corridor. Detailed permissible uses are available upon request. This is a remarkable chance to own a piece of Fort Lauderdale's thriving commercial landscape.