730 W Broward Blvd - Drug Store FOR SALE


Fort Lauderdale, FL 33312- Sailboat Bend | 
$12,800,000 USD
954-245-3459
730 W Broward Blvd, Fort Lauderdale, FL for Sale
$12,800,000 USD
Drug Store - FOR SALE
1/5
null | 2.87% Cap Rate

730 W Broward Blvd
Fort Lauderdale, FL 33312
Sailboat Bend


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

OVERVIEW

Marcus & Millichap has been exclusively retained to market for sale a generational retail mixed-use property situated on 1.93 acres in downtown Fort Lauderdale, Florida that is being offered for sale by the 20+ year owner. The offering includes an entire square block of 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 RAC-WMU, B-1, and RMM-25. 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. The offering provides the opportunity to acquire a rare and virtually non-existent 2-acre square block on Broward Boulevard at the gateway to Downtown Fort Lauderdale. The subject is just north of the Performing Arts Center and just west of the Brightline Station.

FOR SALE DETAILS

PRICE

$12,800,000 USD

PRICE/SF

$921 USD /SF

CAP RATE

2.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Fort Lauderdale Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

RMM-25, B-1, and RAC-WMU

APN/PARCEL ID

50-42-10-27-0010

ASK ABOUT THIS PROPERTY

Evan KristolMarcus & MillichapMore Info
954-245-3459

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Evan KristolMarcus & MillichapMore Info
954-245-3459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.