Your email has been sent.
628-642 NW 3rd Ave - Water Tower Progresso Development 0.93 Acres of Commercial Land in Fort Lauderdale, FL 33311
Investment Highlights
- Located in an Opportunity Zone
- Existing site plans for 179 units over 18 stories
- Qualified for Live Local
- Proximity to FAT village and the Brightline station
Executive Summary
Situated within walking distance of Ft. Lauderdale’s growing cultural and entertainment hubs, the location offers immediate connectivity to FATVillage Arts District, the Brightline Train Station, and major employment centers. Surrounding neighborhoods have experienced significant growth, with ongoing multifamily and mixed-use projects attracting residents and businesses seeking an urban lifestyle with convenient access to beaches, retail, and leisure.
With its zoning flexibility and proximity to key transportation nodes, this site offers developers an exceptional chance to capitalize on one of the most active submarkets in South Florida. The combination of live-work-play accessibility, favorable regulatory environment, and Opportunity Zone incentives positions this parcel as a compelling investment for residential, hospitality, or mixed-use development.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.93 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | NWRAC-MUe - Northwest Regional Activity Center | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.93 AC |
| Opportunity Zone |
Yes |
| Zoning | NWRAC-MUe - Northwest Regional Activity Center |
1 Lot Available
Lot
| Lot Size | 0.93 AC |
| Lot Size | 0.93 AC |
Watertower is a prime development site in Progresso Village, an emerging neighborhood bordering Flagler Village and Downtown Fort Lauderdale. Spanning nearly one acre, the site benefits from favorable NWRAC-MUe zoning.
Description
The property consists of two parcels totaling approximately 0.93 acres with NWRAC-MUe zoning in the Progresso Village neighborhood of Fort Lauderdale. It is located near Flagler Village, FATVillage, and the Brightline Station, offering walkable access to surrounding retail and entertainment venues. The site has existing plans for vertical residential development and falls within a designated Opportunity Zone.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,195,400 | |
| Land Assessment | $1,620,000 | Total Assessment | $2,815,400 |
Property Taxes
Presented by
628-642 NW 3rd Ave - Water Tower Progresso Development
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.