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    1091 4Th Ave Fort Lauderdale, FL 33304

    For Sale
    $1,990,000

    Prime 0.43-acre corner lot, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.43-acre commercial land parcel in Fort Lauderdale, Florida, presents a remarkable investment opportunity. Located at 1091 NE 4th Ave, this corner lot boasts 180 feet of frontage on a high-traffic artery (18,100 vehicles per day), ensuring excellent visibility and accessibility. The property is zoned CB and includes 13 existing parking spaces, supplemented by an additional 47 spaces in a shared lot with an adjacent parcel, providing ample parking for customers and employees. The strategic location at a signaled intersection, combined with shared parking and cross-access with Sherwin-Williams, facilitates smooth ingress and egress. Its proximity to a Home Depot further enhances its appeal to potential tenants. Approved plans exist for a 6,000 square foot building. This property is situated in an Opportunity Zone, offering significant tax advantages. The location is highly desirable, within a short distance of Flagler Village's new developments, and minutes from MASS District, FAT Village, Las Olas, Sistrunk, and Wilton Drive. Fort Lauderdale Beach and Oakland Park are also easily accessible, within a 10-minute drive. Major transportation arteries, including I-95 and the Florida Turnpike, are conveniently located nearby, providing easy access to all of South Florida. The property serves numerous desirable neighborhoods, including Middle River, Progresso Village, Flagler Village, Wilton Manors, and Victoria Park. The asking price is $1,990,000. APN: 4942 34 04 8590.

    Property Features for 1091 4Th Ave

    General Information

    Property type
    Land
    Lot Size
    18,731 SF

    HighLights

    • High visibility in a prime location.
    • 180 feet of frontage on NE 4th Ave with 18,000 vehicles per day.
    • Adjacent to established retail businesses.
    • Situated in an Opportunity Zone.
    • Approved plans for a 6,000 square foot building.
    • Corner lot at a signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center 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
    -80.140518851421
    Latitude
    26.138663794941

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    FAQs

    What type of property is this?
    Land - Prime 0.43-acre corner lot, high visibility
    Where is this land located?
    The property is located at 1091 4Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: High visibility in a prime location.; 180 feet of frontage on NE 4th Ave with 18,000 vehicles per day.; Adjacent to established retail businesses.
    (954) 372-7280
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    1091 4Th Ave Fort Lauderdale, FL 33304
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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
    1091 4Th Ave Fort Lauderdale, FL 33304
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