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    431 1St Ave Fort Lauderdale, FL 33301

    For Sale
    $6,500,000

    Prime Fort Lauderdale Office, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional office property at 431 NW 1st Avenue, Fort Lauderdale, FL 33301, presents a unique investment opportunity in the vibrant Fat Village neighborhood. Offered at $6,500,000, this property boasts a prime location between West Sunrise Boulevard and West Broward Boulevard, within an opportunity zone and a short five-minute walk from Fort Lauderdale's Brightline Station. The site's zoning allows for the construction of a building up to 30 stories high, with no setbacks, maximizing development potential. This presents an ideal scenario for mixed-use or multi-family development, taking full advantage of the Live Local Act. The property itself is classified as an office building, although its significant development potential far surpasses its current use. The absence of a listed lot size reflects the focus on the building's potential for redevelopment. An additional parcel, located at 114 NW 5th Street (0.64 acres, MLS F10468635, $7.7 million), is also available for acquisition, offering an opportunity to expand the development footprint significantly. This combined offering presents a compelling investment opportunity in one of Fort Lauderdale's most dynamic and rapidly growing areas. Serious inquiries are encouraged.

    Property Features for 431 1St Ave

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • Exceptional investment opportunity: $6,500,000 office building at 431 NW 1st Avenue, Fort Lauderdale, FL.
    • Prime Fat Village location, near Brightline Station and major thoroughfares.
    • 30‑story development potential with no setbacks, ideal for mixed‑use or multi‑family.
    • Located in an Opportunity Zone, leveraging the Live Local Act.
    • Adjacent parcel available (0.64 acres, MLS F10468635, $7.7M) for expanded development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Clothing Store Daycare Center 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
    -80.144882
    Latitude
    26.127114

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Fort Lauderdale Office, Development Potential
    Where is this office property / space located?
    The property is located at 431 1St Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: $6,500,000 office building at 431 NW 1st Avenue, Fort Lauderdale, FL.; Prime Fat Village location, near Brightline Station and major thoroughfares.; 30-story development potential with no setbacks, ideal for mixed-use or multi-family.
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    431 1St Ave Fort Lauderdale, FL 33301
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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
    431 1St Ave Fort Lauderdale, FL 33301
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