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418 NE 2nd Ave - Flagler Village Multifamily Site

0.29 Acres of Commercial Land Offered at $2,999,000 in Fort Lauderdale, FL 33301

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Investment Highlights

Located in sought-after Flagler Village
Build up to 53 units

Zoned RAC-CC (Residential Activity Center - Central City)

Executive Summary

Exceptional development opportunity in the heart of Flagler Village, one of the most sought-after neighborhoods in the United States. This rare gem presents a vacant lot spanning 100' x 127.5', boasting convenient alley access for versatile development possibilities. Zoned RAC-CC (Residential Activity Center - Central City), this prime parcel offers immense potential for lofts or condos. Either 24 units can be developed with ground level parking only (8 levels), or up to 53 units by adding an above and below ground parking system (30 plus levels). Flagler Village is renowned for its vibrant community, bustling with art, culture, and a thriving urban atmosphere. Situated in a top-rated neighborhood, this property is primed to capitalize on the burgeoning demand for urban living spaces.

418NE2 PACKAGE 7.3

Property Facts

Price	$2,999,000	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Build to Suit	Proposed Use	Commercial Office Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior
No. Lots	1	Total Lot Size	0.29 AC

Price	$2,999,000
Sale Type	Investment
Sale Conditions	Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior
Total Lot Size	0.29 AC

1 Lot Available

Lot

Price	$2,999,000	Lot Size	0.29 AC
Price Per AC	$10,235,494.88

Price	$2,999,000
Price Per AC	$10,235,494.88
Lot Size	0.29 AC

Vacant lot spanning 100' x 127.5', boasting convenient alley access for versatile development possibilities. Zoned RAC-CC (Residential Activity Center - Central City.

Description

Exceptional development opportunity in the heart of Flagler Village, one of the most sought-after neighborhoods in the United States. This rare gem presents a vacant lot spanning 100' x 127.5', boasting convenient alley access for versatile development possibilities. Zoned RAC-CC (Residential Activity Center - Central City), this prime parcel offers immense potential for up to 53 units. Flagler Village is renowned for its vibrant community, bustling with art, culture, and a thriving urban atmosphere. Situated in a top-rated neighborhood, this property is primed to capitalize on the burgeoning demand for urban living spaces, retail establishments, or mixed-use developments. Buyer responsible to complete designs, get DRC approvals and permits. Conceptual drawing provided with listing. Designed by The Tamara Peacock Company Architects located in Fort Lauderdale. High Rise Zoning RAC- CC.