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701 NE 1st St - 701 NE 1st Street 0.15 Acres of Residential Land Offered at $1,300,000 in Fort Lauderdale, FL 33301
Investment Highlights
- 7,000 SQFT corner lot (140' x 50')
- Ideal site for builders aiming to maximize yield, design flexibility, and ROI on a rare redevelopment opportunity
- High proven demand area
Executive Summary
Prime opportunity for developers and builders seeking a strong infill project in Las Olas. High proven demand area! This 7,000 SQFT corner lot (140' x 50') in Victoria Park is zoned RMM-25, allowing a single-family residence, two single-family homes, or up to four three-story townhomes. The existing wood-frame structure has no contributory value and is best viewed as a teardown, giving a clean slate for new construction. This parcel offers flexible zoning, efficient lot dimensions, and strong long-term resale potential for both end-users and investors. Its position within an established, high-performing market enhances project feasibility and exit strategies. Ideal site for builders aiming to maximize yield, design flexibility, and ROI on a rare redevelopment opportunity.
Property Facts
1 Lot Available
Lot
| Price | $1,300,000 | Lot Size | 0.15 AC |
| Price Per AC | $8,389,315.88 |
| Price | $1,300,000 |
| Price Per AC | $8,389,315.88 |
| Lot Size | 0.15 AC |
High proven demand area! This 7,000 SQ FT corner lot (140' x 50') in Victoria Park is zoned RMM-25, allowing a single-family residence, two single-family homes, or up to 3 townhouses
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-02-05-0260 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $304,430 |
Property Taxes
Parcel Number
50-42-02-05-0260
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$304,430
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701 NE 1st St - 701 NE 1st Street
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