$1,825,000
$1,895,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
730 NE 5th Ave Fort Lauderdale, FL 33304
0.31 Acres Lot
Key Details
Sold Price $1,825,000
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Progresso 2-18 D
MLS Listing ID F10306079
Annual Tax Amount $9,530
Tax Year 2020
Lot Size 0.310 Acres
Property Description
13,500 ft. available for purchase zoned RAC UV located in Flagler Village, a 300-acre downtown Fort Lauderdale neighborhood which is which is been revitalized to include major new developments including the Brightline train station and the redevelopment of Sears Town offering a unique urban appeal. The property street, NE. 5th Ave. is currently being redeveloped with Class A development. As per zoning the maximum development allows for 159,000 ft. of improvement with a litany of uses. Please refer to the offering memorandum. There is no limit to the number of units residential units that could be developed.
The property itself consists of 7 one-bedroom apartments which rent for approximately $1000 a month. Tenants are on a month-to-month basis.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RAC-UV
Exterior
Utilities Available Electric, Gas, Phone Line, Sewer, Trash Removal, Water
Waterfront No
Water Access N
Building
Lot Description Less Than 1 Acre
Sewer Public Sanitation
Water Municipal Water
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Bought with Berkshire Hathaway FL Realty