501 NW 7th Terrace, Fort Lauderdale, FL 33311

$1,225,000

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List Price
$1,225,000
Status
ACTIVE UNDER CONTRACT
Days on Market
38
Price Change
▼ $25,000 1788701575
MLS#
A12064988
Subtype
Land
Lot Size
20,250
Acres
0.47
Subdivision
North Lauderdale
Neighborhood
FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
MLS Area Major
3423

Property Description

Exceptional corner development site located in one of Fort Lauderdale’s fastest-growing corridors. This 20,250square 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.

Additional Information

Taxes
$383
Elementary School
Sanders Park
Middle School
Pompano Beach
High School
Blanche Ely

Listing courtesy of Lifestyle International Realty. Contact:

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Agent: Herby Honore | Email: honoreherby@gmail.com