$3,570,000 SALE
Multi-Family
2,611 SF
1011-1015, 1017, 1019 & 1021 NW 4 AVENUE
Fort Lauderdale, FL 33311 PROGRESSO VILLIAGE PORTFOLIO



Coldwell Banker Commercial Realty is pleased to announce the availability of 1011-1015, 1017, 1019, & 1021 NW 4th Ave, Fort Lauderdale, FL 33311, encompassing a total lot size of 23,653 SF. All units are equipped with wall A/C units. The portfolio consists of two empty parcels, 5 units, two duplexes and a total of 9 units. The unit mix includes: 1 studio 6 one-bedroom, one-bathroom units 2 two-bedroom, one-bathroom units This portfolio presents a prime opportunity for redevelopment. The redevelopment zoning plan is for a commercial multi-story complex development. This Progresso Village portfolio presents one continuous acreage shaped as a rectangular land with accessibility to one of the main business streets, E Sunrise Blvd, in Fort Lauderdale. The combined lots are over 1/2 acre. Progresso Village is a developing area within the City of Fort Lauderdale with different pockets: Victoria Park, Progresso Village, and Flagler Village. The site has exclusive entrance to NW 4 Ave off E Sunrise Blvd, which gets blocked approximately 20 yards to regular traffic. This Progresso Village portfolio includes 9 units and 2 vacant lands, providing the new buyer with ease in continuing with the City of Fort Lauderdale's architectural plan approval and permit approval process. The site is situated within an Opportunity Zone, presenting significant investment potential. Notable national tenants in the vicinity include Home Depot, ALDI, Walgreens, Honda, WAWA Gas Station, and Sears. The property is conveniently located near the Corridor of Sunrise Blvd and N Andrews Ave. PLEASE DO NOT DISTURB TENANTS. Please contact Coldwell Banker Commercial Realty's representatives prior to meeting on site.


Property Type Multi-Family
Property Use Rental or Investment
Year Built 1950
Level Number 1
Average Floor Size 508
Lot Dimensions 23653
Available Floors 1
Max Continuous Area 23,653
Sub-Lease 9
Zoning RMM-25
Tax Year 2023
Cap Rate Percentage 1.96
Average Daily Rate 100
Listing ID YMB3KE
Style Multi-Family (5-20 Units)
Building Size 2,611 SF
Lot Size 23653 SF
Taxes $23,725
Area Description

Region: Fort Lauderdale

Region: Central Eastern Coast Florida

Region: United States

Property Features
Parking Ratio: 2.22
Parking Places: 8
Full Bath: 9
Water: Municipal Water
Sewer: Public
Lot Size: 1/2 - 1 Acre
Age: 41-50 Years Old
Additional Media