3939 Powerline Rd Fort Lauderdale, FL 33309

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.