Overview
Apex Capital Realty is proud to present a rare opportunity to control 33,430 contiguous square feet along Fort Lauderdale's highly visible U.S. 1 corridor, between Downtown Fort Lauderdale and Fort Lauderdale-Hollywood International Airport.
The South Federal Highway Assemblage combines three contiguous parcels into one strategically positioned acquisition: a prominent retail/office building at 2120 S Federal Hwy (3,333 SF, built 2011), an eight-unit multifamily building at 701 SE 22nd St (5,800 SF, fully occupied) and a vacant development parcel at 705 SE 22nd St. All three parcels are sold together at $9,990,000, approximately $299 per square foot of land, with 150 feet of frontage on S Federal Hwy.
The site offers immediate utility and income today, with a compelling long-term redevelopment option under B-1 Boulevard Business zoning. B-1 permits hotel, restaurant, retail, medical and professional office uses, with mixed use available through conditional approval. The property sits within the City of Fort Lauderdale's Unified Flex Zone, which allows residential units to be added to a mixed-use project on Commercial land use. An illustrative 8-story, 83-unit scenario equates to $120,361 per potential unit. Renderings are conceptual and for illustration only; density, permitted uses and approvals must be confirmed by buyer with the City of Fort Lauderdale.
The corridor is drawing major public and private investment, including the Convention Center expansion, the Omni headquarters hotel, Pier Sixty-Six and a 144-room hotel immediately adjacent. Port Everglades is 2.1 miles away, Downtown Fort Lauderdale 2.4 miles, Fort Lauderdale-Hollywood International Airport 3.2 miles and Las Olas Beach 3.4 miles.
Property details
Full property details, offering memorandum and financials are available from the listing advisor. Information is deemed reliable but not guaranteed; subject to errors, omissions, prior sale or lease, or withdrawal without notice.
