638 SW 4th Avenue

Description

THE SITE: Two contiguous parcels (Folios 504210015131 & 504210015132) totaling 12,500 SF in Fort Lauderdale's New River South corridor. 100 ft wide ?? 125 ft deep across two contiguous lots. Rear alley may provide vehicle access-subject to pre-development review with City transportation engineer. THE ZONING: RAC-SMU (Regional Activity Center-Southwest Mixed Use) is one of Fort Lauderdale's most flexible designations. The property's RAC Future Land Use designation may provide eligibility under Florida's Live Local Act (SB 102)-buyers and their counsel are encouraged to inquire directly with the City. THE INCOME: Two existing duplexes generate... Read more $7,200/month in rental income-$3,800 from 634 SW 4th Ave and $3,400 from 638 SW 4th Ave. Existing tenancies provide cash flow during the permitting and pre-construction period-a real advantage over vacant land. THE MARKET: New construction townhomes in the Tarpon River / New River South corridor are actively trading between $875,000 and $1,100,000+. Double-digit year-over-year price appreciation. Strong demand from both end-users and developers. Contact the listing agent directly. Inquire about Live Local Act eligibility. Minutes to Las Olas, I-95, FLL & beaches. Sold as-is.