11 SW 11th Ave - Sailboat Bend Multifamily Development Site 0.36 Acres of Commercial Land Offered at $1,395,000 in Fort Lauderdale, FL 33312

This property is being offered as a rare income-producing multifamily development opportunity in the highly desirable Sailboat Bend Historic District of Fort Lauderdale.
Situated on an oversized ±14,500 SF (1/3+ acre) corner lot, the property is zoned RMM-25 (Residential Multifamily Medium-High Density), allowing for the potential development of 5 multifamily or multilevel units (buyer to verify). Large, developable parcels of this size and zoning are increasingly scarce within this submarket, making this a compelling acquisition for developers and investors alike.
The site currently includes two existing cottages generating $3,500/month ($42,000 annually) in rental income. This provides immediate in-place cash flow, allowing an investor to offset holding costs while planning entitlements, design, and construction.
The property’s corner configuration offers strong frontage, access flexibility, and efficient site planning—ideal for maximizing unit layout and overall project design. The surrounding area has experienced significant growth, with ongoing redevelopment and increasing demand for well-located residential product.
Development Potential:
Zoned RMM-25 (multifamily medium-high density)
Potential for 5 units (buyer to verify)
Ideal for multilevel units, boutique multifamily, or luxury rental product
Ability to capitalize on strong rental and resale demand
Investment Advantages:
Immediate cash flow from existing structures
Value-add opportunity through redevelopment
Located in a supply-constrained, high-demand neighborhood
Strong long-term appreciation potential
Multiple exit strategies: build-to-rent, build-to-sell, or hold for future appreciation
The property is ideally located just minutes from:
Downtown Fort Lauderdale business district
Las Olas Boulevard (dining, retail, and nightlife)
Brightline high-speed rail
Fort Lauderdale Beach
Major highways including I-95
FLL International Airport
Sailboat Bend is one of Fort Lauderdale’s most unique and historic neighborhoods, known for its character, tree-lined streets, and proximity to the New River. The area continues to attract both residents and developers, driving increased property values and redevelopment activity.
Summary:
This offering presents a unique opportunity to acquire a cash-flowing asset with significant redevelopment upside in one of Fort Lauderdale’s most desirable urban infill locations. Investors can generate income immediately while positioning the asset for future development in a market where demand continues to outpace supply.
Buyer to verify all zoning, density, and development potential. Do not disturb tenants.
or additional information, zoning details, or to schedule a showing, please contact:
Lisa Stephenson with LoKation Real Estate
954-818-2936
stephensonsells@gmail.com