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    420-440 South State Road 7 Fort Lauderdale, FL 33317

    For Sale
    $8,490,000

    2.78 acres suitable for redevelopment with proposed 250 units.

    Property size:
    11,000 SF

    Property Features for 420-440 South State Road 7

    General Information

    Size
    11,000 SF

    Source: Ron Osborne Agent Ron Osborne

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Plantation Redevelopment Opportunity

    This 2.78-acre site, currently operating as a large used car dealership, presents a redevelopment opportunity in Plantation, Florida. The rectangular-shaped lot features over 500 feet of frontage along State Road 7. Located within the Gateway district, the City of Plantation is open to assisting developers interested in constructing affordable multi-family housing. Plans propose an 8-story building with 250 units and 4,000 square feet of retail or office space. The existing improvements include 11,000 square feet of office and repair bays spread across 4 buildings. The lot can accommodate approximately 250 cars. The current use is a used car dealership.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.201664
    Latitude
    26.124831

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    FAQs

    What type of property is this?
    Apartment building - 2.78 acres suitable for redevelopment with proposed 250 units.
    Where is this apartment building located?
    The property is located at 420-440 South State Road 7 Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $8,490,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in Plantation, Florida Gateway District.; - City of Plantation is in favor of redevelopment and willing to assist.; - Proposed **250 multi-family units & 4000sf of retail/office space.**
    (954) 907-0134
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    420-440 South State Road 7 Fort Lauderdale, FL 33317
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420-440 South State Road 7 Fort Lauderdale, FL 33317
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