Listing Agency: One Sotheby's International Re m***@onesothebysrealty.com Show Phone

Listed By: Michelle DiMarco · License #3517991 Show Phone

Source: Exprealty

Added: Jan 6 Changed: Aug 8 Last Checked: Aug 8 at 5:50AM

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Investment Insights

Based on property information with market context.

Two adjoining parcels are available in Fort Lauderdale's Fat Village, situated between W Sunrise Blvd and W Broward Blvd. The property is located in an opportunity zone, a 5-minute walk to Fort Lauderdale's Brightline Station. The site is suitable for mixed-use or multi-family development. The sale includes 429 NW 1st Ave. According to the zoning department of Ft. Lauderdale, construction of up to 30 stories is permitted, with no setbacks. The Live Local Act may apply. The property is located in a HubZone. A land survey is available.

Key Highlights

• Opportunity Zone location with potential tax benefits.
• Walking distance (5 minutes) to Fort Lauderdale's Brightline Station.
• Zoning allows for building up to 30 stories with no setbacks.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Restaurant Tanning Salon Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,970

Businesses Nearby

Explore this area Business Placement

Demographics for 33301, FL

19,109

Population

13,955

Households

1.4

Avg Household Size

42

Median Age

62%

College-Educated

96%

High-School Grad

2.5 sq mi

ZIP Area

7,644

Density / Sq Mi

$115,421

Median Household Income

$76,365

Median Earnings

$2,341

Median Rent

$751,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Two adjoining parcels in Fort Lauderdale's Fat Village.

Where is this commercial land located?

The property is located at 431 Nw 1st Ave Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $5,000,000.

What are key features of this property?

This property features: Opportunity Zone location with potential tax benefits.; Walking distance (5 minutes) to Fort Lauderdale's Brightline Station.; Zoning allows for building up to **30 stories with no setbacks.**