1123 NE 4TH AVENUE

Aaron O’Connor, Joseph Thomas and The Thomas Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale 1123 NE 4th Avenue, a 1.48-acre development site located just north of Sunrise Boulevard in Fort Lauderdale, Florida.

SUBJECT PROPERTY

The property is located within a designated Opportunity Zone and falls under CB (Community Business) zoning, allowing for a wide range of commercial, mixed-use, and residential development opportunities.  Additionally, the zoning makes the property eligible to take advantage of Florida’s Live Local Act, offering developers substantial incentives and zoning flexibility for attainable housing.

Situated on 64,587 square feet of land, 1123 NE 4th Avenue offers excellent frontage and close proximity to Downtown Fort Lauderdale, Flagler Village and Progresso Village.  The property is offered for sale at $4,800,000, or approximately $74 per square foot of land.

LOCATION

1123 NE 4th Avenue is strategically positioned just north of Downtown Fort Lauderdale and boasts 8.47% population growth since 2010 with an average household income of $106,630 within a 3-mile radius. The area features a healthy mix of luxury, market-rate, and affordable housing projects, as well as new restaurants, entertainment concepts, and grocery-anchored retail developments

SUMMARY

1123 NE 4th Avenue presents an exceptional opportunity to develop in one of Fort Lauderdale’s fastest-growing urban districts. With CB zoning, Opportunity Zone benefits, and Live Local Act eligibility, the site is ideally positioned for a variety of investment strategies ranging from mixed-use development to multifamily, hospitality, or commercial concepts.