634-638 SW 4th Ave 0.29 Acres of Commercial Land Offered at $1,350,000 in Fort Lauderdale, FL 33315

THE OPPORTUNITY
Rare assembled two-parcel development site totaling 12,500 SF (100 ft wide × 125 ft deep) in Fort Lauderdale's New River South corridor, within the TREDD — Tarpon River Entertainment & Design District. Both parcels are contiguous, owned by the same LLC, and sold together only as a single assemblage. This type of assembled site is extremely difficult to replicate in this submarket at this price point.
THE LOCATION
The property sits along SW 4th Avenue within the TREDD corridor — an area the City of Fort Lauderdale has been actively investing in with private development steadily following. Downtown Las Olas, the New River, I-95, Fort Lauderdale International Airport, and Port Everglades are all within minutes. New construction townhomes on this same street are actively trading between $875,000 and $1,100,000+. The Tarpon River submarket has posted great year-over-year price appreciation. Supply of assembled buildable land in this corridor is extremely limited.
THE PARCELS
Parcel A: 634 SW 4th Ave — Folio 504210015131 — 6,250 SF
Parcel B: 638 SW 4th Ave — Folio 504210015132 — 6,250 SF
Both parcels must be included in any offer. Not available separately under any circumstances.
THE ZONING
Zoned RAC-SMU (Regional Activity Center — Southwest Mixed Use) — one of Fort Lauderdale's most flexible development designations, permitting townhomes, multifamily residential, and mixed-use development.
The property's RAC Future Land Use designation provides eligibility under Florida's Live Local Act (SB 102) — buyers are encouraged to consult directly with the City of Fort Lauderdale and their own legal counsel regarding eligibility, requirements, and applicable benefits.
THE INCOME
Two existing duplexes are currently occupied by tenants generating $7,200 per month in rental income — $3,800 from 634 SW 4th Ave and $3,400 from 638 SW 4th Ave. This cash flow offsets some carrying costs during the permitting and pre-construction period. Tenancies are yearly and month-to-month, providing flexibility for a buyer planning redevelopment.
ACCESS
A rear platted alley exists and may provide vehicle and garage access subject to review and approval by the City of Fort Lauderdale transportation engineer. A special easement may be required. Buyer is strongly encouraged to schedule a pre-development meeting with the City's transportation engineering department prior to making an offer.
SALES TERMS
Asking Price: $1,600,000 — priced at land value. Existing structures are occupied and sold as-is.
Financing: Cash or conventional financing accepted. If financed, two separate purchase contracts may be required — one per folio — as determined by the buyer's lender.
SHOWINGS
By appointment only. CALL OR TEXT ALEX ONLY: 954-489-8589
Do not disturb tenants. Drive-by permitted at any time.
LISTING AGENT
Alex Saenz | The Graham Group | The Keyes Company | 954-489-8589 | alexsaenz@keyes.com
All development potential, unit counts, access feasibility, and zoning interpretations are subject to independent verification by the buyer with the City of Fort Lauderdale and licensed professionals prior to reliance. This listing does not constitute a representation of what may be approved or built on the site.