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521 Flagler 521 NE 4th Ave 8,017 SF Office Building Fort Lauderdale, FL 33301 For Sale
Investment Highlights
- Single-tenant net leased asset provides stable and predictable cash flow, backed by 100% occupancy to the City of Fort Lauderdale under a NNN lease.
- In Fort Lauderdale’s rapidly evolving urban core positions the property to benefit from ongoing population growth and increased investment activity.
- Flexible RAC-CC zoning supports a wide range of future uses, enhancing long-term redevelopment potential and optionality for investors.
- Being near Downtown Fort Lauderdale places the asset in a high-growth corridor, with strong fundamentals for current income and future appreciation.
Executive Summary
521 Flagler is a strategically located single-tenant investment property in the heart of Fort Lauderdale’s rapidly evolving urban core. The property is 100% occupied by the City of Fort Lauderdale under a NNN lease, offering investors durable in-place cash flow with limited landlord expense exposure.
Positioned just north of Downtown Fort Lauderdale and within the RAC-CC zoning district, the asset benefits from a highly flexible urban zoning framework that supports long-term redevelopment potential in one of the city’s most active growth corridors.
Positioned just north of Downtown Fort Lauderdale and within the RAC-CC zoning district, the asset benefits from a highly flexible urban zoning framework that supports long-term redevelopment potential in one of the city’s most active growth corridors.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,017 SF
Building Class
B
Year Built
1992
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,009 SF
Building FAR
0.39
Lot Size
0.47 AC
Zoning
RAC-CC - Regional Activity Center (RAC) combined with a City Center (CC) sub-district.
Parking
39 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Air Conditioning
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-03-02-0250 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,775,660 |
Property Taxes
Parcel Number
50-42-03-02-0250
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,775,660
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521 Flagler | 521 NE 4th Ave
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