2850 Ne 32nd St, Fort Lauderdale, FL 33306

$1,999,999
List Price
$1,999,999
MLS#
A11021378
Status
ACTIVE
Type
Land

Property Description

Prime location and Prime Development Opportunity. Build 10 townhouses in this premium area. 0.54AC lot. Based on feasibilty study the project appears feasible under the market-justified cost and revenue assumptions and with the preliminary development concept in mind. Scenario reflecting preliminary concept drawings achieves levered IRR of 41% with land acquisition price of $ 2,000,000 as indicated by investor. It is recommended to develop parcel simultaneously without phasing the 10 townhouses project.

Additional Information

Parcel Number
494224030600
Front Exposure
North
Lot Description
1/2 To Less Than 3/4 Acre Lot
Directions
Bayview going north, turn right on NE 32nd st. Property will be on your right hand side.
Address
2850 Ne 32nd St, Fort Lauderdale
Development Name
Coral Ridge Galt Add 3
Office Name
Vera Realty LLC
Section
24

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Calculator source: Real Geeks

Listing courtesy of Vera Realty LLC.