$10,500,000
Fort Lauderdale, FL 33311
MLS# F10212216
Status: Closed
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Property 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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2020-01-17
Status: Closed
Original List Price: 14500000
Sold Price: $10,500,000
Current Price: $10,500,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Code: 33311
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Property Description: Conceptual multifamily develop
Country: United States
Street Number: 199
Street Direction Prefix: NW
Street Name: 5th
Street Suffix: Avenue
State Or Province: FL
Area: 3400
Parcel Number: 504210210360
Zoning: RAC-WMU
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.)
General Property Information
Number Of Units Total: 402
Stories Total: 34
Property Sub Type: Multi Family
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2021-06-25T03:40:14Z
Major Change Type: Status Change
Status Change Date: 2021-06-25
Under Contract Date: 2021-06-11
Close Date: 2021-06-24
Close Price: 10500000
Parking Features
Ground Level: 1
Location of Property
Central Business District: 1
City Location: 1
Possession
Negotiable: 1
Sale Includes
Land: 1
Showing Requirements
Appointment Only: 1
See Remarks: 1
Contingencies
None: 1
Concessions
Seller Concessions: No
Price Calculations
Original List Price To Close Price: 0.72
Originating Details
Originating System Key: 521242508
Originating System ID: M00000170
Property Features
Location of Property: Central Business District; City Location
Parking Features: Ground Level
Possession: Negotiable
Sale Includes: Land
Showing Requirements: Appointment Only; See Remarks
Contingencies: None
Supplements
We are pleased to announce an incredible possible Multifamily Development Opportunity in Downtown Fort Lauderdale. Just One block from the Brightline Train Station, this conceptual multifamily development project presented by Station Village, 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. 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 studio, 1 & 2 bedroom apartments, and over 13,000 sq ft of retail space!- - Please note: this conceptual plan has not been approved by the local authorities.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.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 and plans have NOT yet been approved by local and city officials.
Listing Office: Janet Mercede Real Estate Inc
Last Updated: January - 24 - 2026
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