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1123 4th Ave 1.48 Acres of Commercial Land Offered at $4,500,000 in Fort Lauderdale, FL 33304
INVESTMENT HIGHLIGHTS
- 1.48 Acres zoned CB situated along NE 4th Ave just north of Sunrise Blvd
- Eligible for additional density using Florida's Live Local Act
- Property is situated in an Opportunity Zone
EXECUTIVE SUMMARY
Aaron O’Connor, Joseph Thomas and The Thomas Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale 1123 NE 4th Avenue, a 1.48-acre development site located just north of Sunrise Boulevard in Fort Lauderdale, Florida. The property is located within a designated Opportunity Zone and falls under CB (Community Business) zoning, allowing for a wide range of commercial, mixed-use, and residential development opportunities. Additionally, the zoning makes the property eligible to take advantage of Florida’s Live Local Act, offering developers substantial incentives and zoning flexibility for attainable housing.
Situated on 64,587 square feet of land, 1123 NE 4th Avenue offers excellent frontage and close proximity to Downtown Fort Lauderdale, Flagler Village and Progresso Village. The property is offered for sale at $4,500,000, just below $70 per square foot of land. 1123 NE 4th Avenue is strategically positioned just north of Downtown Fort Lauderdale and boasts 8.47% population growth since 2010 with an average household income of $106,630 within a 3-mile radius. The area features a healthy mix of luxury, market-rate, and affordable housing projects, as well as new restaurants, entertainment concepts, and grocery-anchored retail developments
Situated on 64,587 square feet of land, 1123 NE 4th Avenue offers excellent frontage and close proximity to Downtown Fort Lauderdale, Flagler Village and Progresso Village. The property is offered for sale at $4,500,000, just below $70 per square foot of land. 1123 NE 4th Avenue is strategically positioned just north of Downtown Fort Lauderdale and boasts 8.47% population growth since 2010 with an average household income of $106,630 within a 3-mile radius. The area features a healthy mix of luxury, market-rate, and affordable housing projects, as well as new restaurants, entertainment concepts, and grocery-anchored retail developments
PROPERTY FACTS Under Contract
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.48 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | CB - Commercial Business District | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.48 AC |
| Opportunity Zone |
Yes |
| Zoning | CB - Commercial Business District |
1 LOT AVAILABLE
Lot
| Price | $4,500,000 | Lot Size | 1.48 AC |
| Price Per AC | $3,040,540.54 |
| Price | $4,500,000 |
| Price Per AC | $3,040,540.54 |
| Lot Size | 1.48 AC |
DESCRIPTION
1.48 Acres | CB Zoning | Eligible for Live Local | Opportunity Zone
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 49-42-34-04-0280 | Improvements Assessment | $56,400 |
| Land Assessment | $3,229,350 | Total Assessment | $3,285,750 |
PROPERTY TAXES
Parcel Number
49-42-34-04-0280
Land Assessment
$3,229,350
Improvements Assessment
$56,400
Total Assessment
$3,285,750
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