Fort Lauderdale, FL 33311

Description

Rare development opportunity in the rapidly growing Sistrunk Blvd! Two adjacent lots under the same ownership are being offered together for sale. The subject property at 2317 NW 6th St is 5,103 SF, and the neighboring corner lot at 2360 NW 6th St is 9,909 SF, for a combined total of 15,012 SF. This assemblage offers outstanding potential in one of Fort Lauderdale’s fastest-transforming areas. 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.