440 NE 1st Ave, Fort Lauderdale FL 33301

Prime Flagler Village development opportunity in the heart of Downtown Fort Lauderdale. Located in Broward County, 440 NE 1st Ave is part of the NORTH LAUDERDALE AMENDED subdivision and offers a rare chance to acquire a strategic residential income property in one of South Florida’s fastest-changing neighborhoods.

This detached duplex was built in 1958 and includes approximately 1,337 square feet of living area. The property features central heating, along with ceiling fans and electric wall or window units for cooling. The existing structure can provide rental income while future development, entitlement, or repositioning plans are explored.

The offering is part of a three-property Flagler Village portfolio priced at $3,300,000. Together, the contiguous parcels total approximately 12,750 square feet and are zoned RAC-UV, or Regional Activity Center Urban Village. Subject to city approvals, the assemblage may support a ground-up multifamily project, boutique mixed-use concept, or value-add redevelopment with height potential of approximately 150 feet.

Current properties generate approximately $13,000 per month, creating valuable cash flow during the planning and pre-construction stages. Preliminary concepts indicate potential for approximately 38 to 42 mid-rise units. Nearby luxury towers reportedly trade in the range of $880 to $960 per square foot, while loft-style properties range from approximately $390 to $550 per square foot. The complete four-parcel opportunity is available for $4,500,000.

The location is highly walkable to FAT Village’s creative corridor, the Brightline station, and the restaurants, shops, and nightlife of Las Olas Boulevard. Fort Lauderdale offers year-round sunshine, beautiful beaches, boating, waterfront dining, an active arts and entertainment scene, and convenient transportation throughout South Florida. Miami is also easily accessible for international travel, business, culture, and additional entertainment.

For developers, value-add investors, or long-term land bankers, 440 NE 1st Ave, Fort Lauderdale FL 33301 offers strong positioning in a growing urban market. Call or text today at +1 786.468.4380 for more information or to schedule a private discussion.