New River Redevelopment 808 SE 4th St 33 Unit Apartment Building $12,000,000 ($363,636/Unit) Fort Lauderdale, FL 33301

Introducing New River 808, a rare and fully approved waterfront development opportunity in the heart of Downtown Fort Lauderdale. This 0.58-acre site offers direct frontage along the scenic New River and SE 4th Street, delivering unmatched visibility and access to both urban conveniences and waterfront lifestyle amenities. Zoned RAC-EMU, the property is entitled for a striking 12-story residential tower comprising 67 luxury units with a planned net residential area of 78,160 SF.
Strategically positioned near Las Olas Boulevard, the site benefits from proximity to Fort Lauderdale’s vibrant dining, retail, and cultural destinations, as well as major employment hubs. Its location within a Residential Transition Zone ensures compatibility with surrounding neighborhoods while supporting high-density development. With dual frontage—101 feet along the river and 100 feet on SE 4th Street—the property offers exceptional design flexibility and branding potential.
Current improvements include a 33-unit rental building generating $518,355 in annual gross income and a 2024 NOI of $149,132, providing interim cash flow while development plans advance. The RAC-EMU zoning allows for a maximum height of 147.5 feet and podium construction up to seven floors, creating an ideal canvas for a luxury residential tower that capitalizes on Fort Lauderdale’s surging demand for waterfront living.
This is a premier investment opportunity for developers seeking to deliver a landmark project in one of South Florida’s most dynamic markets. Contact Roberts Equities for details.