Lauderdale Lakes Land
$5,750,000
NW 37th Ter Oakland Park, FL 33311
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About this listing
DESCRIPTION
Coldwell Banker Commercial Realty is pleased to announce a prime development opportunity located at NW 37th Terrace, Lauderdale Lakes, FL 33311, this strategically positioned parcel encompasses approximately 111,837 square feet of land. The offering includes architectural plans for a proposed residential development consisting of approximately 124 units, subject to final approval by the City of Lauderdale Lakes Zoning Department.
Proposed Unit Mix:
75 One-Bedroom Units – Average Rent: $2,483.10
40 Two-Bedroom Units – Average Rent: $3,121.70
10 Three-Bedroom Units – Average Rent: $3,720.00
The Seller is in the process of increasing the density to RM-50.
The architectural plans feature a modern design concept and include a suite of thoughtfully integrated amenities aimed at promoting a high-quality living experience and lifestyle convenience.
This opportunity represents a strong value proposition for developers seeking to capitalize on the continued demand for multifamily housing in South Florida. Key features include:
Swimming Pool: A central highlight of the outdoor amenity space, the pool provides a refreshing retreat for residents, ideal for relaxation, exercise, and social gatherings.
BBQ & Outdoor Cooking Area: Adjacent to the pool, this fully-equipped BBQ and cooking station is perfect for entertaining, featuring built-in grills, prep counters, and seating areas designed to foster community interaction.
Metal Mesh Railing Balconies: Each unit features private balconies with sleek metal mesh railings that offer both safety and aesthetic appeal, while allowing for airflow and unobstructed views.
Designer Backsplash: Kitchens are elevated with modern backsplash designs, adding visual interest and ease of maintenance while complementing the overall interior aesthetic.
Quartz Countertops: Durable and elegant, the quartz countertops throughout the kitchen and bathroom spaces offer both style and functionality, enhancing the modern appeal of each unit.
Contemporary Lobby: The entry lobby serves as a stylish and welcoming first impression, designed with upscale finishes and a functional layout that reflects the overall sophistication of the building. Architectural drawing is available for purchaser with NDA requested.
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Lot Area
111,837 sqft
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Zoning
RM-25
Details
- • Annual Tax: $ 35697.36
