1401 5Th Ave Fort Lauderdale, FL 33304
- Warehouses
- 5,330 SF
- 0.75 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1401 5Th Ave
- Year built
- 1961
- Lot size
- 0.75 lot acres
- Property size
- 5,330 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional redevelopment opportunity encompasses a prime 0.75-acre site in Fort Lauderdale, Florida, strategically located across three contiguous parcels at 1401 NE 5th Ave & 1404-1408 NE 4th Ave, zip code 33304, within Broward County. The property includes a 5,330 square foot freestanding retail/warehouse building constructed in 1961, situated on approximately 0.30 acres. Two additional vacant parcels complete the assemblage: a 0.14-acre lot zoned CB and a 0.31-acre lot zoned RM-15 (allowing for 15 dwelling units per acre). A pre-existing site plan for a four-unit townhome development is available for the RM-15 zoned parcel. The entire property is currently vacant and presents a unique chance to capitalize on its diverse zoning and existing infrastructure. The single-story building offers immediate income potential or redevelopment possibilities, while the vacant land provides significant upside for residential or commercial expansion. This is an ideal investment for developers seeking a mixed-use project in a vibrant Fort Lauderdale location. The property's location offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial land holding with existing improvements in a desirable area. The asking price for this exceptional redevelopment opportunity is $3,200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1397
- Latitude
- 26.1443
