521 SW 3rd Ave - Mixed Use Land .33 Acres

This prime Fort Lauderdale downtown property is situated in a dynamic area within the "Urban Neighborhood" character area and zoned as RAC-SMU (Mixed-Use District). The location supports a diverse neighborhood scale, offering a mix of housing options, including townhouses and apartment buildings. This is an excellent opportunity for builders or investors looking to undertake a full-scale development in a sought-after urban environment. Currently two single family houses occupy the lot. Development Potential: Maximum Height: By Right: Up to 6 stories. Conditional Use Process: Up to 12 stories (approximately 120 feet) can be achieved through a conditional-use application, as governed by the Unified Land Development Regulations. Investment Highlights Strategic Location: Positioned within a rapidly growing and evolving urban area, with strong demand for residential and mixed-use developments. Development Flexibility: The zoning and character area guidelines provide the flexibility needed to create a unique, high-quality development that aligns with market demand. The Fort Lauderdale Consolidated Downtown Master Plan was created in response to rapid growth in the downtown area. Its purpose is to transform the downtown into a livable and active urban center characterized by: - Walkable, Tree-Lined Streets: Emphasizing pedestrian-friendly design with abundant greenery. - Integrated Multi-Modal Circulation: A transportation network that supports various modes of transit. - Distinct Public Spaces: Creating unique and accessible community areas. - High-Quality Buildings: Structures designed to enhance the urban experience by providing light and air at street level, while maintaining flexibility for innovative design. Permitted Uses: Primarily residential, with opportunities for community retail and employment uses. Preferred Maximum Floor-plate Size: Office: 16,000 SF with no maximum up to 5 floors. Residential: 10,000 SF with no maximum up to 5 floors. Application Process: To exceed the 6-story height limit, a Site Plan Level III Application is required, which includes: - DRC Review Development Review Committee) - Planning and Zoning Board Approval - City Commission Request for Review memo to be sent to City Commissioners This process provides the opportunity to propose creative and flexible design solutions that align with the goals of the Master Plan while maximizing the potential of the property. Proximity to Key Destinations: - Downtown Las Olas: A short distance away, offering dining, shopping, and entertainment options. - Beach Access: Just a 12-minute drive to the beach. - Fort Lauderdale Airport: Conveniently located 10 minutes away.