13,500 ft. available for purchase zoned RAC UV located in Flagler Village, a 300-acre downtown Fort Lauderdale neighborhood which is which is been revitalized to include major new developments including the Brightline train station and the redevelopment of Sears Town offering a unique urban appeal. The property street, NE. 5th Ave. is currently being redeveloped with Class A development. As per zoning the maximum development allows for 159,000 ft. of improvement with a litany of uses. Please refer to the offering memorandum. There is no limit to the number of units residential units that could be developed.
The property itself consists of 7 one-bedroom apartments which rent for approximately $1000 a month. Tenants are on a month-to-month basis.