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2599 NW 56th Ave - The Circle at Inverrary 5.68 Acres of Commercial Land Offered at $3,200,000 in Lauderhill, FL 33313
INVESTMENT HIGHLIGHTS
- 5.68 AC of land, a rare infill opportunity in a growing urban corridor
- Submarket has strong monthly rents with occupancy over 89%
- Lauderhill, actively encouraging development
- Lauderhill CRA offering Commercial Redevelopment Incentive Program
EXECUTIVE SUMMARY
Marcus & Millichap is proud to present for sale The Circle at Inverrary, a 5.68-acre assemblage offering a rare opportunity for multifamily development in the heart of Lauderhill, a city experiencing significant growth and revitalization. Based on current zoning a developer may be able to build at least 102 units. The property's strategic location and favorable zoning make it ideal for a residential project.
Lauderhill is witnessing a wave of new developments, such as the 441 Arthouse project—a 245-unit mixed-use development with approved site plans and city/CRA development agreements. This project highlights the city's commitment to revitalization and its support for developers through incentives and streamlined processes.
Lauderhill is centrally located in Broward County, providing easy access to major transportation arteries, including the Florida Turnpike, I-95, I-75, and the Sawgrass Expressway. The city is also in proximity to three international airports and three major seaports, enhancing its appeal for residents and businesses alike.
Lauderhill is witnessing a wave of new developments, such as the 441 Arthouse project—a 245-unit mixed-use development with approved site plans and city/CRA development agreements. This project highlights the city's commitment to revitalization and its support for developers through incentives and streamlined processes.
Lauderhill is centrally located in Broward County, providing easy access to major transportation arteries, including the Florida Turnpike, I-95, I-75, and the Sawgrass Expressway. The city is also in proximity to three international airports and three major seaports, enhancing its appeal for residents and businesses alike.
PROPERTY FACTS
| Price | $3,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.68 AC |
| Property Type | Land | ||
| Zoning | RM-18 Residential - Multifamily Zoning | ||
| Price | $3,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.68 AC |
| Zoning | RM-18 Residential - Multifamily Zoning |
1 LOT AVAILABLE
Lot 2
| Price | $3,200,000 | Lot Size | 5.68 AC |
| Price Per AC | $563,380.28 |
| Price | $3,200,000 |
| Price Per AC | $563,380.28 |
| Lot Size | 5.68 AC |
A 5.68-acre assemblage offering a rare opportunity for multifamily development in the heart of Lauderhill,FL.
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2599 NW 56th Ave - The Circle at Inverrary
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