114 25Th St Fort Lauderdale, FL 33311

This exceptional 40,196 square foot lot at 114 NW 25th Street, Fort Lauderdale, Florida, presents a unique redevelopment opportunity in the desirable Wilton Manors neighborhood. Currently improved with eight income-producing units, this property offers immediate cash flow while development plans are underway. The existing structure was built in 1941. Zoned RM-16, the site allows for significant development potential, with permitted uses including up to 18 townhomes or a multi-family building with up to 62 units. The property's central location provides easy access to Wilton Drive's vibrant restaurants and nightlife, downtown Fort Lauderdale, major highways, and the beach. This assemblage offers a rare chance to capitalize on the strong demand for residential properties in this thriving area. The asking price is $2,750,000. The property is 100% occupied, providing a stable income stream. This is an ideal investment for developers seeking a prime location with substantial upside potential. The property's address is 114 NW 25th Street, Fort Lauderdale, FL 33311. The lot size is 40,196 square feet.