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Property profile & analytics
OFF-MARKET
Commercial real estate

1955 29Th Ave Fort Lauderdale, FL 33312

Property ID
US18-1079510
Property summary
AI-generated overview

This exceptional development opportunity, known as The Mansions at Riverland, presents an unparalleled investment prospect in Fort Lauderdale, Florida. Located at 1955 SW 29th Ave, in Broward County, zip code 33312 (26.0971289, -80.1828831), this DRC-approved project offers 11 luxurious, two-story townhouses. Each residence boasts 4 bedrooms, a den, 3 bathrooms, and a 2-car garage. A key feature is the inclusion of a private pool for each of the 11 units, enhancing the exclusivity of this gated community. The homes offer elegant living spaces ranging from 2,607 to 3,003 square feet of under-air space. The property is situated in a desirable, up-and-coming area, adjacent to a park and a highly-rated school. Its convenient location offers easy access to Fort Lauderdale Airport, the Hard Rock Casino, and the vibrant Las Olas Boulevard. This is the only approved development opportunity in the area, making it a truly unique and potentially highly lucrative investment. The asking price for this entire development is $3,200,000. This presents a rare chance to acquire a portfolio of luxury townhouses in a prime Fort Lauderdale location with significant growth potential.

Property profile
Verified
Property type Commercial real estate
UPID US18-1079510
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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