501 Nw 7th Ter

Fort Lauderdale, FL 33311

About this property

Exceptional corner development site located in one of Fort Lauderdale's fastest-growing corridors. This 20,250 square foot parcel, comprised of three assembled lots, sits prominently at NW 7th Terrace and NW 5th Street, just steps from Sistrunk Marketplace and surrounded by significant new construction and revitalization. Zoned RMM25, the property offers the potential to develop up to 10 townhomes. The lot previously received City approval for a church, reflecting strong development viability. A current survey is available, and extensive testing has already been completed, providing added value and reduced upfront work for the next developer. Uses Commonly Built in RMM-25 In practice, this zoning has been used for: Townhome developments (e.g., mid-rise townhome complexes) Small/medium multifamily buildings (typically up to ~25 units/acre density) ? Mixed residential configurations with some higher-density units Position yourself ahead of the curve and capitalize on Fort Lauderdale's continued growth before pricing accelerates further.

About this property

Exceptional corner development site located in one of Fort Lauderdale's fastest-growing corridors. This 20,250 square foot parcel, comprised of three assembled lots, sits prominently at NW 7th Terrace and NW 5th Street, just steps from Sistrunk Marketplace and surrounded by significant new construction and revitalization. Zoned RMM25, the property offers the potential to develop up to 10 townhomes. The lot previously received City approval for a church, reflecting strong development viability. A current survey is available, and extensive testing has already been completed, providing added value and reduced upfront work for the next developer. Uses Commonly Built in RMM-25 In practice, this zoning has been used for: Townhome developments (e.g., mid-rise townhome complexes) Small/medium multifamily buildings (typically up to ~25 units/acre density) ? Mixed residential configurations with some higher-density units Position yourself ahead of the curve and capitalize on Fort Lauderdale's continued growth before pricing accelerates further.

Features and Additional Information

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$1,200,000 Active
0 sqft

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Area Information

3423 | Broward County | NORTH LAUDERDALE

$ 1,200,000
This listing is play_arrow 34185.7% higher than the average in the area
$ 3,500 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
77 days on site
This listing is play_arrow 28.3% above the average in the area
60 days on site in the area

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Listed By Herby Honore
Brokerage: Lifestyle International Realty

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