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The Opus 701 Bayshore Dr 54 Unit Apartment Building $38,000,000 ($703,704/Unit) Fort Lauderdale, FL 33304
Investment Highlights
- Fort Lauderdale " North Beach " Located Directly on the Intercoastal Waterway!
Executive Summary
623 Bayshore Dr. and 701 Bayshore Drive combined parcels located in the world-famous area of " North Beach " Fort Lauderdale, Florida, offered with approved Entitlements to build the " OPUS " Stunning Intercoastal water way 54-unit Luxury Boutique Condominium Tower, fully entitled, municipally approved, and ready to commence construction. Plan includes Roof top pool with cabana area, and an Intracoastal side pool. 120 parking Spaces, this class A building has height of 144ft. This is an Extremely rare opportunity, reach out today for further details. Pictures in Listing are Renderings.
Property Facts
| Price | $38,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $703,704 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Sale Condition | Redevelopment Project | Construction Status | Proposed |
| No. Units | 54 | Building Size | 100,850 SF |
| Property Type | Multifamily | No. Stories | 12 |
| Property Subtype | Apartment | Year Built | 2027 |
| Zoning | IOA - Multifamily | ||
| Price | $38,000,000 |
| Price Per Unit | $703,704 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Construction Status | Proposed |
| Building Size | 100,850 SF |
| No. Stories | 12 |
| Year Built | 2027 |
| Zoning | IOA - Multifamily |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Clubhouse
- Pool
- Tenant Controlled HVAC
- Smoke Free
- Lounge
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 50-42-01-06-0760 | Improvements Assessment | $1,760,490 |
| Land Assessment | $1,191,190 | Total Assessment | $2,951,680 |
Property Taxes
Parcel Number
50-42-01-06-0760
Land Assessment
$1,191,190
Improvements Assessment
$1,760,490
Total Assessment
$2,951,680
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The Opus | 701 Bayshore Dr