706 1St AveFort Lauderdale, FL 33311
- Land
- 1.09 AC
Property Details for 706 1St Ave
- Lot size
- 1.09 AC
- Property type
- Land
Description
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.
Location Insight
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Latitude
- 26.1317
- Longitude
- -80.1447
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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