199 NW 5th Avenue, Fort Lauderdale, FL 33311 (MLS# FX-10212216)

$10,500,000

199 NW 5th Avenue
Fort Lauderdale, FL 33311
MLS# FX-10212216
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

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

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

Listing Office: Janet Mercede Real Estate Inc

Last Updated: June - 25 - 2021

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