501 NW 7th Ter,Fort Lauderdale, FL 33311
Fort Lauderdale, FL 33311
Description
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.
Details
| MLS # | A12064988 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 28 |
| Listing Provided By | Lifestyle International Realty | Herby Honore |
Features
| Zoning | RMM-25 |
|---|---|
| Acreage | 0.47 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 383 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3460 |
| Subarea | Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810) |
| Community Name | NORTH LAUDERDALE |
| Listing VS Median (in NORTH LAUDERDALE) | |
Price: $1,250,000 low | high Med: $286,700 On site: 28 low | high Med: 107.5 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3460 |
| Subarea | Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810) |
| Community Name | NORTH LAUDERDALE |
| Listing VS Median (in NORTH LAUDERDALE) | |
Price: $1,250,000 low | high Med: $286,700 On site: 28 low | high Med: 107.5 | |
