408-416 NE 1st Ave - Muse Tower
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408-416 NE 1st Ave - Muse Tower
0.44 Acres of Commercial Land in Fort Lauderdale, FL 33301
Investment Highlights
- Imminent site plan approval for 112 units in 30-story tower.
- Flagler Village is the greatest growth story in Fort Lauderdale.
- Covered land play with existing cash flow from 8 multi-family units and one duplex.
- Assemblage potential with capacity for +/- 325 units. Contact rep for more info.
- Major projects nearby include Hines, AIMCO, Kushner, Merrimac, BH3, Related, Naftali, Dependable Equities, and more.
Executive Summary
Imminent site plan approval for 112 units (condo or multi-family) in a beautiful 30-story tower by INOA Architecture, New York. Sale may include approved units.
Potential assemblage with adjacent properties offers roughly 3/4 acre with estimated capacity for 325 units. Additional info available with signing of NDA. Contact rep for more info.
Potential assemblage with adjacent properties offers roughly 3/4 acre with estimated capacity for 325 units. Additional info available with signing of NDA. Contact rep for more info.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot
| Lot Size | 0.44 AC |
| Lot Size | 0.44 AC |
0.439 acre across two folios.
Description
Offered as a covered land play, with existing cash flow from multi-family rentals. Existing improvements include 8 multi-family units at 416 NE 1st Ave and one duplex at 408-410 NE 1st Ave.
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Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 50-42-03-02-1990 | Improvements Assessment | $999,830 |
| Land Assessment | $255,000 | Total Assessment | $1,254,830 |
PROPERTY TAXES
Parcel Number
50-42-03-02-1990
Land Assessment
$255,000
Improvements Assessment
$999,830
Total Assessment
$1,254,830
zoning
| Zoning Code | RAC-UV (Zoning is RAC-UV, Downtown Character Area is "Near Downtown" Code-preferred height is 30 stories, with preference for 12,500 SF tower floor plates) |
| RAC-UV (Zoning is RAC-UV, Downtown Character Area is "Near Downtown" Code-preferred height is 30 stories, with preference for 12,500 SF tower floor plates) |
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408-416 NE 1st Ave - Muse Tower
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