744-748 NW 5th Ave
Fort Lauderdale, FL 33311
Eligible for CRA ASSISTANCE · Industrial Property For Sale

*******This property is Located in the Progresso area of the CRA which makes it eligible for grant money,financial assistance and forgivable loans. Tax incentives etc. ******* This Property is located in the Progresso Area enabling it to be a part of the CRA Economic Development Program Program Area The program will target businesses located on the following commercial corridors in the Fort Lauderdale Village District: •Historic SISTRUNK Area of downtown - Progresso Area (which is where this property is located) -Flagler Area where there are multiple projects under way. Program Components The program includes the following components: •Facade / Property Improvement Grant Program - Allows for improvements to existing business façade elements, such as general external building design, signage and aesthetic improvements. •Business Development / Redevelopment Grant Program - Allows for a 50% CRA / 50% Business match for business-led, non-facade funding on redevelopment projects in the local CRA. •Demolition Matching Grant Program - Allows for a 50% CRA / 50% Business match to assist in blight eradication and removal of unsafe structures. •Strategic Land Assembly Program - Allows for Local assembly of lots in order to create larger parcels of land or green space subject to further development along the commercial corridors. •Revolving Loan Program - A short-term/gap financing measure designed to increase the sustainability and drive the growth of existing Progresso businesses. The Revolving Loan Program will be managed by a third party lending organization selected through a Local procurement process. ***Property is being used for Automotive repair and parts sales. Outside storage (8500 sf) for approximately 50 vehicles part of the property. Roof is 7 years old, property is very well maintained. Just move in and start earning. Great Upside for investors. Perfect for owner-user or investor! The permitted uses include DISTRIBUTION WAREHOUSE and here are some other permitted uses: 1.Automobile paint and body shop 2.automobile repair; garage-mechanical 3.auto-detailing and cleaning 4.automobile repair; garage-mechanical 5.car wash 6.warehouse and self-storage 7.wholesale stores 8.auto sales 9.truck sales 10.boat sales 11.boat repair 12.dry storage 13.commercial vehicle storage yard ***** PLEASE CONTACT THE CITY for verification of listed uses and other uses for your business.*****