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    1872 SW 29Th Ave Fort Lauderdale, FL 33312

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    For Sale
    $2,650,000

    Waterfront triplex in Fort Lauderdale, ideal for multifamily development.

    Lot size:
    0.95 Acres

    Property Features for 1872 SW 29Th Ave

    General Information

    Lot size
    0.95 Acres

    Source: RE/MAX 5 Star Realty Agent John DeMarco

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

    Overview

    Waterfront Redevelopment Opportunity

    Located in the Riverland neighborhood of Fort Lauderdale, Florida, this property presents a waterfront redevelopment opportunity with ocean access. Currently used as a triplex with outdoor storage, the site is suitable for an 11-townhome project, offering potential for multifamily development and the creation of a residential community in a sought-after location.
    Location Intelligence

    Current Use by Public Records

    ITDV Non-Emergency Medical ... Handicapped Transportation Service ITDV Non Emergency ... Handicapped Transportation Service

    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
    -80.1820836
    Latitude
    26.0978495

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    FAQs

    What type of property is this?
    Triplex - Waterfront triplex in Fort Lauderdale, ideal for multifamily development.
    Where is this triplex located?
    The property is located at 1872 SW 29Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: - Ocean access; - Prime waterfront location; - Redevelopment opportunity for 11 townhomes
    (954) 453-1000
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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
    1872 SW 29Th Ave Fort Lauderdale, FL 33312
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