801 N Andrews Ave - 450 Unit Mid-Rise Development Site
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801 N Andrews Ave - 450 Unit Mid-Rise Development Site
2.34 Acres of Commercial Land Offered at $15,340,000 in Fort Lauderdale, FL 33311
Investment Highlights
- Efficient dimensional layout
- $35K/Unit
- Flagler Village & Downtown Adjacent
- Fully rezoned
- 450 Unit Estimate
- Hard corner
Executive Summary
*Seller financing available.
STL Commercial and LoKation Real Estate Commercial Services have been exclusively retained to arrange the sale of 801-823 N Andrews. This prime development site has just been rezoned to allow for construction of an estimated 450 units and 120 feet in height. The site has an incredibly efficient layout for development, and is located directly adjacent to Flagler Village, Fort Lauderdale’s hottest neighborhood. There are new developments planned leading all the way up to the subject site. The efficiency of this site as well as the pricing create an unparalleled opportunity for a developer to make their mark in the Fort Lauderdale Downtown Core. The site has income in place and multiple buildings on site to help a developer cover costs before breaking ground.
Massing Study available.
STL Commercial and LoKation Real Estate Commercial Services have been exclusively retained to arrange the sale of 801-823 N Andrews. This prime development site has just been rezoned to allow for construction of an estimated 450 units and 120 feet in height. The site has an incredibly efficient layout for development, and is located directly adjacent to Flagler Village, Fort Lauderdale’s hottest neighborhood. There are new developments planned leading all the way up to the subject site. The efficiency of this site as well as the pricing create an unparalleled opportunity for a developer to make their mark in the Fort Lauderdale Downtown Core. The site has income in place and multiple buildings on site to help a developer cover costs before breaking ground.
Massing Study available.
Property Facts
| Price | $15,340,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.34 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $15,340,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.34 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $15,340,000 | Lot Size | 2.34 AC |
| Price Per AC | $6,551,210 |
| Price | $15,340,000 |
| Price Per AC | $6,551,210 |
| Lot Size | 2.34 AC |
101,998 SF (2.34 AC)
Description
Lot Size: 101,998 SF (2.34 AC) Building Size: 23,149 SF (+/-) Zoning: NWRAC-MUne Allowed Height: 120 FT Allowed Uses: Multi-Family, Hotel, Retail, Office, Restaurant, Etc. Site Dimensions: 400 x 255 FT Estimated Density: 450 UNITS* (+/-) Asking Price: $15,340,000 ($34K/UNIT)
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,616,720 | |
| Land Assessment | $1,016,220 | Total Assessment | $4,060,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,016,220
Improvements Assessment
$1,616,720
Total Assessment
$4,060,500
zoning
| Zoning Code | NWRAC-MUne (NW Regional Activity Center Mixed Use) |
| NWRAC-MUne (NW Regional Activity Center Mixed Use) |
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801 N Andrews Ave - 450 Unit Mid-Rise Development Site
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