THE SITE: Two contiguous parcels (Folios 504210015131 & 504210015132) totaling 12,500 SF in Fort Lauderdale's New River South corridor. 100 ft wide × 125 ft deep across two contiguous lots. Rear alley may provide vehicle access — subject to pre-development review with City transportation engineer. THE ZONING: RAC-SMU (Regional Activity… Read More Center — Southwest Mixed Use) is one of Fort Lauderdale's most flexible designations. The property's RAC Future Land Use designation may provide eligibility under Florida's Live Local Act (SB 102) — buyers and their counsel are encouraged to inquire directly with the City. THE INCOME: Two existing duplexes generate $7,200/month in rental income — $3,800 from 634 SW 4th Ave and $3,400 from 638 SW 4th Ave. Existing tenancies provide cash flow during the permitting and pre-construction period — a real advantage over vacant land. THE MARKET: New construction townhomes in the Tarpon River / New River South corridor are actively trading between $875,000 and $1,100,000+. Double-digit year-over-year price appreciation. Strong demand from both end-users and developers. Contact the listing agent directly. Inquire about Live Local Act eligibility. Minutes to Las Olas, I-95, FLL & beaches. Sold as-is. Read Less
Courtesy of The Keyes Company 954-467-0105
Listing Snapshot
Days Online
1
Last Updated
Property Type
Unimproved Land
Lot Size
0.14 Acres
MLS Number
B26021643
30 Days Snapshot Of 33315
$393k
-22%
(avg) sold price
4
-42%
homes sold
127
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.14 acres, 6,250 sqft
Property
Zoning: RAC-SMU
Sewer
"Public Sewer"
Taxes
Annual amount: $9,225
Utilities
"Other"
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