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199 NW 5th Avenue, Fort Lauderdale, FL 33311

$10,500,000
Property Type: Comm/Industry Status: Closed
Current Price: $10,500,000 Last Modified: 6/25/2021

Description

Multifamily Development Opportunity in Downtown Fort Lauderdale. Just One block from the Brightline Train Station, this conceptual multifamily development project offers 30+stories with over 400 residential units and parking spaces! An exceptional opportunity, located in Downtown Fort Lauderdale's central business district, a transit-oriented development site. Located in Fort Lauderdale's Opportunity Zone, and C.R.A. District. This is a spectacular location for a Multi Family mixed use project, offering studio, 1 & 2 bedroom apartments, and over 13,000 sq ft of retail space!This Proposed Development Project is located in Fort Lauderdale's Opportunity Zone, and C.R.A. District. Plans are pre-conceptual and have NOT yet been approved by local and city officials at this time.

Supplements: Janet Mercede Real Estate, Inc. is pleased to announce an incredible Multifamily Development Opportunity in Downtown Fort Lauderdale. Just One block from the Virgin/Brightline Train Station,this conceptual multifamily development project presented by Station Village, offers 30-stories with 312 residential units and over 400 parking spaces. An exceptional opportunity, located in Downtown Fort Lauderdale's central business district, a transit-oriented development site. This Proposed Development Project is located in Fort Lauderdale's Opportunity Zone, and C.R.A. District. This is a spectacular location for a Multi Family mixed use project, offering 1, 2, & 3 bedroom, and studio apartments. Downtown Fort Lauderdale is BOOMING with over a $1 Billion dollars worth of new development which includes new residential towers, new hotel towers, new office towers and much more. Fort Lauderdale is ranked number one in the region with one of the highest job growth in the nation. Be part of this amazing BOOM which is going to transform Fort Lauderdale into another world with its demographic mix, making the area appealing to young professionals and millennials who wish to be in a live-work-play environment. Contact us for more information TODAY! All information provided is deemed reliable but is not guaranteed and should be independently verified. The information included in this listing is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Janet Mercede Real Estate, Inc. assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.This development project is conceptual at this time; AS-IS SALE PRICE: $12.5MSALE PRICE WITH APPROVALS & ENTITLEMENTS: $14.5M

More Information MLS# FX-10212216

General Property Description

For Sale: Yes For Lease: No Property Desc: Conceptual multifami # of Stories: 34 Total Units: 402 Type: MultiFamily (5+ Units)

Location, Tax & Legal

Geo Area: FTNW State/Province: FL Zoning: RAC-WMU Area: 3400 County: Broward Parcel ID: 504210210360 Street #: 199 Street Dir: NW Street Name: 5th Street Suffix: Avenue Zip Code: 33311 Geo Lat: 26.123296 Geo Lon: -80.149568

Remarks & Misc

Directions: From i-95, head east on Broward Blvd, then turn north on NW 5th Ave (properties include 101,105, 109 & 199 NW 5th Ave. (after the Habitat for Humanity on the corner of Broward and 5th.)

Office/Member Info

DXORIGMLNO: F10212216 DXORIGMLSID: FLL

Status Change Info

Terms of Sale: Cash Under Contract Date: 2021-06-11 Sold Date: 2021-06-24 Sold Price: $10,500,000

Location

Central Business Dst: 1 City: 1

Type of Building

Income: 1

Sale Includes

Building and Land: 1 Land Only: 1

Possession

Funding: 1

Contingencies

None: 1

Contract Information

Status: Closed Original List Price: 14500000 Sold Price: $10,500,000 Current Price: $10,500,000 Listing Date: 2020-01-17

Property Features

Type of Building: Income Location: Central Business Dst Sale Includes: Building and Land; Land Only Possession: Funding Contingencies: None
Listing Office: Janet Mercede Real Estate Inc
Last Updated: June - 25 - 2021
199 NW 5th Avenue, Fort Lauderdale, FL 33311- MLS# FX-10212216
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.