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Property profile & analytics
OFF-MARKET
Mixed-use properties

418 2Nd Ave Fort Lauderdale, FL 33301

12,752 SF 0.29 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Total area 12,752 SF
Lot 0.29 ac (12,632 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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