3939 Powerline Rd Fort Lauderdale, FL 33309
1.135 acre land for development with redesigned plans.
Property size:
3,010 SFLot size:
1.13 AcresProperty Features for 3939 Powerline Rd
General Information
- Size
- 3,010 SF
- Lot size
- 1.13 Acres
Source:
Moodyscre
Listing Agent: Joe Pelayo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Development Site in Fort Lauderdale
This 1.135-acre land/development site is available for sale. Redesigned plans are in place for a project consisting of approximately 65,000 square feet of building area, potentially qualifying under the Live Local Act designation. The plans include a total of 84 units, with 33 units designated for affordable housing and 51 units at market rate. Fifty percent of the first floor is intended for commercial usage. The project design incorporates 140 parking spaces, including 14 surface-level spaces and 126 spaces utilizing a state-of-the-art automated vehicle storage system. The total project cost, including the land acquisition price, is estimated to range between $13.5 million and $14.5 million, depending on the final scope. The final estimated value at exit ranges around $21 million with a holding period of 3-5 years. Major employers located within the area include BB&T, Lowe's, Regions Bank, Walgreens, Citrix, and Microsoft. Healthcare facilities within a 10-mile radius include Holy Cross Hospital, Broward Health Medical Center, and Broward Health Imperial Point.
Location Intelligence
Current Use by Public Records
Sweet Acacia Building
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.15469
- Latitude
- 26.174956
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 1.135 acre land for development with redesigned plans.
Where is this land located?
The property is located at 3939 Powerline Rd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: - Development site with redesigned plans for **84 units (33 affordable, 51 market rate)** under the Live Local Act designation.; - Estimated **$21 million value at exit** within a 3-5 year holding period.; - Approximately 65,000 +\/- SQFT building area with 50% of the first floor designated for commercial usage.