5,227 Sqft Lot
5,227 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Washington Park
MLS Listing ID A12012445
HOA Y/N No
Annual Tax Amount $3,109
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x102
Property Sub-Type Multi Family
Property Description
Buyer may have the opportunity to develop a 3-story mixed-use building featuring up to 2,500 SF of commercial space, plus 3 residential units, each approximately 945 SF with 2 bedrooms and 1 bathroom. Estimated commercial rental rates in the area range from $25-$30 per SF annually, with projected gross rental income of approximately $165,000 per year or $13,750 monthly.
Zoned NWRAC-MUw for multifamily and mixed-use development, the property is surrounded by luxury rental projects currently under construction and newly completed developments reshaping the neighborhood. Excellent opportunity for developers, investors, and builders looking to capitalize on the continued growth of Sistrunk Blvd.
Conveniently located minutes from Las Olas, Downtown Fort Lauderdale, I-95, and only 15 minutes from Fort Lauderdale's world-famous beaches. Located within an Opportunity Zone with strong future upside. Don't miss this exceptional investment opportunity. Call today for additional information.
Location
State FL
County Broward
Community Washington Park
Area 3560
Zoning NWRAC-MU
Direction 2317 Nw 6th St Fort Lauderdale, FL 33311
Exterior
Utilities Available Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Water Available
Present Use Other
Street Surface Paved
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Restrictions No Deed Restrictions
Tax ID 504205010980
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12012445
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