3900 NW 37th St
Lauderdale Lakes, FL 33309
Urban In-Fill Redevelopment Land · Land For Sale
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2.73 AC
Investment Highlights
- Call for Offers Due August 4th
- Offers nearly 3 acres of land, an unusually large development opportunity in land-constrained Broward County
- Existing product surrounding the Property is primarily aged, older-vintage construction
- In-place approvals for the construction of a three-building, 136-residence multifamily project
- Positioning near major thoroughfares - including SR-7, Florida’s Turnpike and I-95
- The South Florida multifamily market is undergoing a transformational wave of growth
Property Facts
Description
Avison Young is pleased to exclusively offer for sale The Promenade at Lauderdale Lakes (“the Property”), a ±2.74 AC development opportunity located in Lauderdale Lakes, Florida with in-place approvals for the construction of a 136-unit mid-rise multifamily community. The South Florida multifamily market is undergoing a transformational wave of growth, as the migration of high-earning, newly mobile professionals has pushed both residential property values and multifamily rents to all-time highs. The existing product surrounding the Property is primarily aged, older-vintage construction. There are only two nearby recent-construction projects, both of which are garnering extremely attractive rents with impressively low vacancy. The Property’s positioning near major thoroughfares - including SR-7, Florida’s Turnpike and I-95 - offers immediate 25-minute drive times to Downtown Fort Lauderdale, Fort Lauderdale-Hollywood International Airport, and dozens of nearby beaches.
Property Taxes
| Parcel Number | 49-42-19-00-0083 | Improvements Assessment | $0 |
| Land Assessment | $1,781,390 | Total Assessment | $1,781,390 |
Property Taxes
