$3,250,000
DRC approved 16-townhouse development site ready for immediate submission of building plans to obtain permits from the City of Fort Lauderdale. Prime east of I-95 location along Davie Boulevard, a key east–west corridor connecting Downtown Fort Lauderdale to significant destinations. Minutes to Downtown Fort Lauderdale, Las Olas Boulevard, Port Everglades, Fort Lauderdale–Hollywood International Airport, and a short drive to Fort Lauderdale Beach. Surrounded by new construction and redevelopment in a rapidly evolving area. Excellent infill opportunity in a high-demand urban market. The seller may consider owner financing or a joint venture. Owner has obtained approval for an extension from the DRC for the 16-townhouse project. Next step for the new owner will be to submit the building plans to the City to obtain the necessary building permits. The property’s prime location east of I-95 offers excellent accessibility to downtown Fort Lauderdale, Las Olas Boulevard, Port Everglades, the Fort Lauderdale International Airport. The surrounding area is undergoing rapid transformation, with several notable developments contributing to the neighborhood's evolution. We are currently working on updating the existing plans to ensure full compliance with the City’s latest building codes. Project General Information: Land Use Designation: RM-15 l Zoning Designation: TOWNHOUSES l Site Area: 49,530 SQUARE FEET l Water/Wastewater: CITY OF FORT LAUDERDALE l Residential Development: 16 TOWNHOME l Unit Details (Per Unit): Footprint: UNIT TYPE #1A & #1C - 1,432 SQUARE FEET (1ST FLR: 198 SF, 2ND FLR: 617 SF, 3RD FLR: 617 SF) Garage: 444 SQUARE FEET PER UNIT (16 UNITS). Front Entry/Garage Entry: 32 SQUARE FEET PER UNIT. Balconies: 145 SQUARE FEET EACH UNIT. Site Information: Site Density Net: 17 MAX, 16 PROVIDED l Parking: PARKING REQUIRED - TWO FAMILY RESIDENCE PARKING PROVIDED - (16) 2-CAR GARAGE + 4 OFF-STREET VISITOR PARKING SPACES l Building Footprint Area: 11,520 S.F. TOTAL FOR ALL 16 UNITS (INCLUDES GARAGES) l Building Height: 32' 8'' l FAR (ULDR 47-5-31): TOTAL BUILDING AREA 11,520 SQ. FT. | GROSS LOT AREA 49,530 SQ. FT. = 0.233 FAR l Construction Type: TYPE III A l Required Setbacks: Front 25', Side yard 5', Rear 20', Corner 25% of lot width or 20'-0'' Additional Details: FEMA Elevation: 7.1 Feet = Grade (ULDR SEC. 47-2.2.G.2.) l FEMA Flood Zone: 0.2 PCT FLOOD
F10543779
MLS
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Riverside No 3 BLDG.
1551 Davie Boulevard, Fort Lauderdale