Downtown Fort Lauderdale Land
For Sale
$1,995,000
Pending
1225 SE 2nd Ave, Fort Lauderdale, FL 33316
Redevelopment opportunity or two office buildings on three lots.
Property Size5,274 SF
Lot Size0.50 Acres
Days on Market216
Property Features for 1225 SE 2nd Ave
General Information
Standard status
Pending
Size
5,274 SF
Lot size
0.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,027
Building Details
Building Size
5,274 SF
Year Built
1947
Stories
1
Units
2
Listing Agency:
Coldwell Banker Realty
Listed By:
Danielle M Bastarache · License #F10499403
(954) 562-7198
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:43AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This property offers incredible value in downtown Fort Lauderdale, with land priced at $98 per square foot. The site includes two office buildings situated on three lots, totaling 21,875 square feet. The properties are zoned ROC. One building, located at 1225 SE 2nd Ave, sits on a 6,250 square foot lot and features 2,195 square feet of leasable space, six offices, a conference room, reception area, two bathrooms, a break room, and a common meeting area; it is being sold furnished. The second building, located at 115 SE 3rd St on a corner of two lots totaling 15,625 square feet, provides 2,935 square feet of leasable space with four large rooms/offices and restrooms. Both buildings are well-maintained, featuring fiber optic internet, attractive exteriors, and lush landscaping. There are currently 12 parking spaces available. The location is approximately one-half mile from Broward General and one mile from the Broward County Courthouse. It is also conveniently located a one-minute drive or a ten-minute walk to the new Federal Courthouse (2026), with easy access to downtown, the international airport, Port Everglades, I-95, I-595, the Turnpike, and beaches. Redevelopment is possible.
Key Highlights
- Prime Downtown Fort Lauderdale location with redevelopment potential (ROC zoning) on 3 lots (21,875 SF).
- Significant land value at $98 PSF.
- Two existing office buildings totaling 5,130 SF of leasable space, furnished and ready for occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,317
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,340
$1.7M
Cap Rate 7%
$1,204,529
$1.2M
Cap Rate 9%
$936,856
$936.9K
Market Conditions
NOI Build-Up for 2,935 SF
Gross rent
$133.8K $45.60/SF
− Vacancy
−$21.4K −$7.30/SF
EGI
$112.4K $38.30/SF
− OpEx
−$28.1K −$9.58/SF
NOI
$84.3K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,340
Cap Rate 7%
$1,204,529
Cap Rate 9%
$936,856
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.41M
NOI $84,317 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,062 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment opportunity or two office buildings on three lots.
Where is this commercial land located?
The property is located at 1225 SE 2nd Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Prime Downtown Fort Lauderdale location with redevelopment potential (ROC zoning) on 3 lots (21,875 SF).; Significant land value at $98 PSF.; Two existing office buildings totaling 5,130 SF of leasable space, furnished and ready for occupancy.
