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628-642 NW 3rd Ave
Fort Lauderdale, FL 33311
Water Tower Progresso Development · Land For Sale
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0.93 AC
Investment Highlights
- The neighborhood benefits from its central location to downtown Fort Lauderdale and Fort Lauderdale’s (Flagler Arts & Technology) Village.
- Watertower Progresso is located within the boundaries of the opportunity zone.
- Progresso Village has seen a surge in new housing, mixed-use projects and commercial development making it one of the most desirable places to live.
- Tax benefits that accompany Opportunity Zones (OZ) create a powerful incentive to allocate capital into economically distressed areas.
Property Facts
Description
Spanning nearly an acre, this site offers a maximum buildable height of 110 feet, unrestricted density, and no affordable housing requirements. Recently rezoned from residential to NWRAC-MUe, this property presents immense potential for residential development.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,180,250 | |
| Land Assessment | $1,620,000 | Total Assessment | $2,800,250 |
Property Taxes
Parcel Numbers
Land Assessment
$1,620,000
Improvements Assessment
$1,180,250
Total Assessment
$2,800,250
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