Rare development opportunity in the rapidly growing Sistrunk Blvd corridor! Two adjacent lots under the same ownership are offered together for sale. The corner lot at 2360 NW 6th St is approximately 9,909 SF, and the neighboring lot at 2317 NW 6th St is approximately 5,103 SF, totaling about 15,012 SF. This assemblage offers excellent multifamily and mixed-use development potential in one of Fort Lauderdale’s fastest-growing redevelopment areas. Conceptual plans may allow a modern 3-story multifamily project with up to 15 large 1-bedroom units with dens designed for today’s rental market. Nearby luxury rental projects continue driving area growth, with comparable 1-bedroom rentals leasing around $2,200-$2,500 per month depending on unit size and amenities. Based on projected rents, estimated gross annual rental income for a completed 15-unit project could range from approximately $396,000-$450,000 before expenses. Estimated construction costs may range from approximately $225-$300 per SF depending on design, parking, finishes, and construction type. Zoned NWRAC-MUw for multifamily and mixed-use development, the property is surrounded by redevelopment, luxury rentals, and new construction projects. Conveniently located minutes from Downtown Fort Lauderdale, Las Olas, Brightline, I-95, shopping, dining, entertainment, and Fort Lauderdale beach. Located in an Opportunity Zone with potential long-term investment benefits.
Listing courtesy of LoKation.
/u.realgeeks.media/adairrealtygroup/Logo_1-min.png){kind=logo}