Flagler Village Development Site
0.67 Acres of Residential Land Offered at $15,520,000 USD in Fort Lauderdale, FL 33301
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $15,520,000
- Property Type
-
Land
Listing Contacts
Steve Hyatt
Verified Profile
- Property Info
Property Overview
Property consists of two separate 29,000 SF parcels zoned RAC-CC in fast growing Flagler Village area. The parcel on the south side of the street is fully entitled through city DRC approval for the development of a 43 story, 388 unit multifamily development with 2,793 square feet of ground floor retail space. The same size and configuration parcel ( 29,000 SF) located on the north side of the site is not entitled. The properties may be acquired individually , but strong preference is for a combined deal. The approved south site has allocated units and is not subject to the current City of Fort Lauderdale/Broward County affordable housing requirements or the $10,000 per unit payment in lieu of affordable fee.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Approved ready to go site with entitlements in place ( south side); shorter development time frame and no affordable housing required
- Located in fast growing Flagler Village market in downtown Fort Lauderdale ;surrounding area undergoing massive redevelopment
- Located in close proximity to Brightline train station, Las Olas Boulevard and Fat Village Arts and Entertainment District
- Ideal for a two phase ,large scale high rise project
- Short term seller financing available for highly qualified buyer
- Call Steve Hyatt at cell (954)494-3091 for additional information or to receive the full Offering Memorandum and Confidentiality Agreement
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