Walgreens, Fort Lauderdale, FL — Sale in Fort Lauderdale, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Commercial Land
- Location: Fort Lauderdale, FL 33312
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Description
Marcus & Millichap has been exclusively retained to offer for sale a 1.93 acre development site located in downtown Fort Lauderdale, Florida. The offering includes four contiguous parcels comprised of a Walgreens Drug Store, a 4- unit apartment building, a retail store, and a vacant lot. The existing zoning is a combination of RMM-25, B-1, and RACWMU. The proposed redevelopment assumes a rezoning of the entire site to RAC-WMU, which is consistent with similar properties in the immediate area. RAC-WMU (Regional Activity Center - West Mixed Use) zoning district in Fort Lauderdale is a specialized designation designed to create a vibrant, walkable, and transit-oriented community, particularly in areas surrounding the city's downtown core. It is often used to facilitate the redevelopment of older commercial areas into mixed-use environments that combine residential, commercial, and high-density, high-rise development. The zoning permits a mix of uses, including residential (often high-rise, up to 40 stories in some proposed cases), commercial, and office spaces. RACWMU allows for high-density residential development, sometimes with no formal limit on Floor Area Ratio (FAR) within specific, approved projects. The zone often works in conjunction with affordable housing incentives and transit-oriented development (TOD) bonuses, allowing for increased building heights if specific criteria are met. Investment Highlights: • Rare 1.9-acre development opportunity in Downtown Fort Lauderdale • Strategic location along Broward Boulevard corridor • Immediate access to I-95 and major transportation infrastructure, minutes from Brightline, Fort Lauderdale Airport, and Port Everglades • Located within one of South Florida's fastest-growing urban cores, strong demographics and affluent residential growth. • Exceptional corporate and employment base • Walkable urban lifestyle environment • Significant ongoing public and private investment throughout downtown
Market Context
This land in Fort Lauderdale, FL is listed for sale. Compare it against other land listings for sale in Fort Lauderdale, FL — view the full market.
Contact
- Evan Kristol · (954) 245-3459 · evan.kristol@marcusmillichap.com
- Brandon Rex · (954) 245-3488 · brandon.rex@marcusmillichap.com
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