REDEVELOPMENT OPPORTUNITY | STATE ROAD 7 CORRIDOR 55,500+ vehicles per day on adjacent State Road 7 corridor
2.73-Acre Commercial Site with Multifamily Plans ( Live Local )
PROPERTY HIGHLIGHTS:
Exceptional 2.73-acre (118,759 sq. ft.) commercial redevelopment site strategically located in the heart of Broward County with premium State Road 7/US 441 frontage, MULTIFAMILY PLANS for development.
Multifamily Potential: plans for 70-unit residential community
Three 5-story residential buildings
Modern amenities: Common plaza, splash pad, playground, dog park
ZONING & DEVELOPMENT POTENTIAL:
Current Zoning: B-2 Community Business District
Permitted Uses: Medical office buildings, retail, professional services, restaurants, banks, personal services, and various commercial applications
LOCATION ADVANTAGES:
560± feet of frontage on NW 37th Street
Direct exposure to State Road 7/US 441 (100,000+ daily traffic count)
Minutes from I-95 and Florida's Turnpike
Heart of Broward County's fastest-growing corridor
Surrounded by established residential neighborhoods
MARKET FUNDAMENTALS:
Lauderdale Lakes: 36,000+ diverse, growing population
Broward County experiencing healthcare boom with new hospital and MOB construction
$45M+ in active commercial development projects nearby
Strong multifamily demand in Fort Lauderdale metro (61% of new development)
Underserved market for medical, retail, and residential uses
FINANCIAL INFORMATION:
Last Appraisal: $5.3M (September 2022)
Clear title, ready to close
DEVELOPMENT OPTIONS:
Execute multifamily plans (turn-key development opportunity)
Medical Office Building (high demand in Broward County)
Mixed-Use Development (retail + residential or medical + commercial)
Assisted Living Facility (critical shortage in Broward: 360,000 residents need care)
Retail/Commercial Center (capitalize on B-2 flexible zoning)
DUE DILIGENCE: Buyer responsible for all due diligence. multifamily plans, surveys, and additional documentation available upon request.
Alex Sajovits
Douglas Elliman
