418 2Nd Ave Fort Lauderdale, FL 33301
This exceptional redevelopment opportunity in Fort Lauderdale's Flagler Village presents a 0.29-acre vacant lot (100' x 127.5') zoned RAC-CC, allowing for up to 53 residential units. Located at 418 NE 2nd Ave, 33301, this property boasts convenient alley access, ideal for versatile development plans. The asking price is $2,999,000, translating to $235.18 per square foot for the 12,752 square foot site. Flagler Village's vibrant atmosphere, thriving arts and culture scene, and high demand for urban living make this a compelling investment. The property's prime location within a sought-after neighborhood ensures strong potential returns for mixed-use or multifamily development. The Broward County parcel number is 504203022220. This is a rare chance to capitalize on the burgeoning growth and desirability of this dynamic urban area. The site's dimensions and zoning provide significant flexibility for a developer seeking to create a high-impact project. This is a truly unique opportunity to build in one of the most exciting neighborhoods in the United States.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.