199 NW 5th Avenue, Fort Lauderdale, FL 33311

$10,500,000
Property Type: Commercial Sale Status: Closed
Current Price: $10,500,000 List Date: 1/18/2020 Last Modified: 1/24/2026

Description

Multifamily Development Opportunity in Downtown Fort Lauderdale. Just One block from the Brightline Train Station, this conceptual multifamily development project offers 30+stories with over 400 residential units and parking spaces! An exceptional opportunity, located in Downtown Fort Lauderdale's central business district, a transit-oriented development site. Located in Fort Lauderdale's Opportunity Zone, and C.R.A. District. This is a spectacular location for a Multi Family mixed use project, offering studio, 1 & 2 bedroom apartments, and over 13,000 sq ft of retail space!This Proposed Development Project is located in Fort Lauderdale's Opportunity Zone, and C.R.A. District. Plans are pre-conceptual and have NOT yet been approved by local and city officials at this time.

Supplements: We are pleased to announce an incredible possible Multifamily Development Opportunity in Downtown Fort Lauderdale. Just One block from the Brightline Train Station, this conceptual multifamily development project presented by Station Village, offers 30+stories with over 400 residential units and parking spaces! - An exceptional opportunity, located in Downtown Fort Lauderdale's central business district, a transit-oriented development site. This Proposed Development Project is located in Fort Lauderdale's Opportunity Zone, and C.R.A. District. This is a spectacular location for a Multi Family mixed use project, offering studio, 1 & 2 bedroom apartments, and over 13,000 sq ft of retail space!- - Please note: this conceptual plan has not been approved by the local authorities.Downtown Fort Lauderdale is BOOMING with over a $1 Billion dollars worth of new development which includes new residential towers, new hotel towers, new office towers and much more. Fort Lauderdale is ranked number one in the region with one of the highest job growth in the nation. Be part of this amazing BOOM which is going to transform Fort Lauderdale into another world with its demographic mix.Contact us for more information TODAY! All information provided is deemed reliable but is not guaranteed and should be independently verified. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Janet Mercede Real Estate, Inc. assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.This development project is conceptual at this time and plans have NOT yet been approved by local and city officials.

More Information MLS# F10212216

Contract Information

Comp Sale YN: No Listing Contract Date: 2020-01-17 Status: Closed Original List Price: 14500000 Sold Price: $10,500,000 Current Price: $10,500,000

Location and Legal

County Or Parish: Broward County Parish Name: Broward City Name: Fort Lauderdale Postal Code: 33311 Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) Property Description: Conceptual multifamily develop Country: United States Street Number: 199 Street Direction Prefix: NW Street Name: 5th Street Suffix: Avenue State Or Province: FL Area: 3400 Parcel Number: 504210210360 Zoning: RAC-WMU Directions: From i-95, head east on Broward Blvd, then turn north on NW 5th Ave (properties include 101,105, 109 & 199 NW 5th Ave. (after the Habitat for Humanity on the corner of Broward and 5th.)

General Property Information

Stories Total: 34 Property Sub Type: Multi Family

Currently Not Used

Number Of Units Total: 402

Office/Member Information

DXORIGMLSID: FLL

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2021-06-25T03:40:14Z Major Change Type: Status Change Status Change Date: 2021-06-25 Under Contract Date: 2021-06-11 Close Date: 2021-06-24 Close Price: 10500000

Parking Features

Ground Level: 1

Structure Type

Warehouse: 1

Location of Property

Central Business District: 1 City Location: 1

Possession

Negotiable: 1

Showing Requirements

Appointment Only: 1 See Remarks: 1

Contingencies

None: 1

Concessions

Seller Concessions: No

Price Calculations

Original List Price To Close Price: 0.72

Originating Details

Originating System Key: 521242508 Originating System ID: M00000170

Property Features

Location of Property: Central Business District; City Location Parking Features: Ground Level Possession: Negotiable Structure Type: Warehouse Showing Requirements: Appointment Only; See Remarks Contingencies: None
Listing Office: Janet Mercede Real Estate Inc
IDX
Last Updated: January - 24 - 2026
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