431 1St Ave Fort Lauderdale, FL 33301
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 431 1St Ave
- Property type
- Commercial real estate
Description
This exceptional office property at 431 NW 1st Avenue, Fort Lauderdale, FL 33301, presents a unique investment opportunity in the vibrant Fat Village neighborhood. Offered at $6,500,000, this property boasts a prime location between West Sunrise Boulevard and West Broward Boulevard, within an opportunity zone and a short five-minute walk from Fort Lauderdale's Brightline Station. The site's zoning allows for the construction of a building up to 30 stories high, with no setbacks, maximizing development potential. This presents an ideal scenario for mixed-use or multi-family development, taking full advantage of the Live Local Act. The property itself is classified as an office building, although its significant development potential far surpasses its current use. The absence of a listed lot size reflects the focus on the building's potential for redevelopment. An additional parcel, located at 114 NW 5th Street (0.64 acres, MLS F10468635, $7.7 million), is also available for acquisition, offering an opportunity to expand the development footprint significantly. This combined offering presents a compelling investment opportunity in one of Fort Lauderdale's most dynamic and rapidly growing areas. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.144882
- Latitude
- 26.127114
