440 NE 1st Ave, Fort Lauderdale, FL 33301
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440 NE 1st Ave, Fort Lauderdale, FL 33301
440 NE 1st Ave, Fort Lauderdale, FL 33301
440 NE 1st Ave, Fort Lauderdale, FL 33301
440 NE 1st Ave, Fort Lauderdale, FL 33301
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Loida Velasquez

Loida Velasquez

+1(305) 218-2887
$ 1,450,000
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Active

440 NE 1st Ave Fort Lauderdale, FL 33301

1,337 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,337 sqft

Price per Sqft $1,084

Subdivision North Lauderdale Amended

MLS Listing ID A12039042

HOA Y/N No

Year Built 1958

Annual Tax Amount $8,496

Tax Year 2025

Property Sub-Type Duplex

Property Description

Prime Flagler Village Portfolio -3 Properties Offered at $3,300,000 in Fort Lauderdale, FL. A rare development opportunity in the rapidly transforming Flagler Village neighborhood of Downtown Fort Lauderdale. The portfolio includes 3 contiguous parcels totaling 12,750 SF. Zoned RAC-UV (Regional Activity Center – Urban Village), assemblage supports ground-up multifamily, boutique mixed-use, or repositioning strategies with height potential up to approximately 150 feet, subject to approvals. Current structures provide income during entitlement and planning phases, generating approximately $13,000 monthly—a strategic advantage for developers seeking cash flow during pre-construction. The site's walkability to FAT Village's creative corridor, Brightline station, and Las Olas dining and retail amplifies its desirability for urban residential or mixed-use concepts. Preliminary conceptual analysis suggests feasibility for 38–42 units at mid-rise scale, with competitive pricing scenarios indicating attractive profit margins in comparison to local benchmarks, including nearby luxury towers trading at $880–$960/SF and loft-style assets in the $390–$550/SF range. $3.3 million for three parcels or $4.5 million for the complete four-parcel. These properties deliver exceptional positioning for developers, value-add investors, or long-term land-banking strategies poised to benefit from sustained demand in Fort Lauderdale.

Location

State FL

County Broward

Community North Lauderdale Amended

Area 3460

Interior

Heating Central

Cooling Ceiling Fan(s), Electric, Wall/Window Unit(s)

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Brick,Block

Others

Tax ID 504203022050

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12039042

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Real Broker LLC
Loida Velasquez

Loida Velasquez

Agent

+1(305) 218-2887

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440 NE 1st Ave