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Fort Lauderdale Development Opportunity
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114 NW 5th Street, Fort Lauderdale, FL 33301

Two adjoining properties in Fort Lauderdale's Fat Village.

Property SizeContact for details
Lot Size0.37 Acres
Days on Market650

Property Features for 114 NW 5th Street

General Information

Standard status Active
Lot size 0.37 Acres
Property subtype Business for Sale
Zoning RAC-UV

Building Details

Year Built 1959
Listing Agency: ONE Sotheby's International Realty
Listed By: PETER ENGILIS · License #3517991
Source: Crexi
Added: Oct 29, 2024 Changed: Aug 8 Last Checked: Jul 16 at 9:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE Sotheby's International Realty

Investment Insights

Based on property information with market context.

Located in Downtown Fort Lauderdale's Fat Village, between W Sunrise Blvd and W Broward Blvd, this parcel represents a development opportunity within an OPPORTUNITY ZONE. It is situated a 5-minute walk from Fort Lauderdale's Brightline Station, making it suitable for mixed-use or multifamily development. The sale includes the parcel at 430 NW Flager Ave. According to the zoning department of Ft. Lauderdale, construction of up to 30 stories is permitted, with no setbacks. The Live Local Act may provide additional advantages. The property is located in a HubZone. A land survey is available. Two additional parcels totaling 0.37 acres are also available.

Property Analytics

Current Use

Asphalt Repair Service ... General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Restaurant Tanning Salon Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,986
Businesses Nearby

Demographics for 33301, FL

19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Two adjoining properties in Fort Lauderdale's Fat Village.
Where is this commercial land located?
The property is located at 114 NW 5th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $6,000,000.
(954) 630-7020 Call to check price and availability
More about this property
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