902 SE 12th Ct - Residential Income FOR SALE


Fort Lauderdale, FL 33316- Harbordale
$1,300,000 USD
954-669-0658
902 SE 12th Ct, Fort Lauderdale, FL for Sale
$1,300,000 USD
Residential Income - FOR SALE
1/18
null | Request Cap Rate

902 SE 12th Ct
Fort Lauderdale, FL 33316
Harbordale


HIGHLIGHTS

  • 60' X 143', 8580 square foot Lot
  • Zoned RML-25, up to 4 3-story Units Allowed
  • No HOA, Flood Zone X

OVERVIEW

HIGHLIGHTS • Zoning: RML 25 (Residential Multifamily Low Rise/Medium Density) • Lot Size: 8,580 sq ft (60'x143') • Supports up to 4 units under current zoning • Conceptual 4 unit site plan available for a Luxury Carriage House Complex (2 units each on 2nd and 3rd floors, over a 7 Car Garage) • Active redevelopment corridor with new townhomes nearby • Minutes to Las Olas, downtown, beaches, airport, convention center, and marina • Ideal for townhome or multifamily infill development • End buyer controlled sale — no assignments ________________________________________ DESCRIPTION Prime opportunity to acquire an 8,580 sq ft RML 25 zoned redevelopment site in one of East Fort Lauderdale’s most active infill corridors. This property is surrounded by new construction townhomes and multifamily projects, making it an ideal location for builders and developers seeking a clean, straightforward land value play. The lot supports up to four units under current zoning, and the seller has preliminary conceptual plans illustrating a potential 4 unit Carriage House redevelopment project. These plans can be shared with qualified end buyers upon request. The existing home is functional/habitable/owner occupied, but the highest and best use is redevelopment. The site offers excellent access to Las Olas, downtown, convention center, beaches, airport, and major transportation routes, east of Federal Highway in the Rio Vista/Lauderdale Harbors/Harbordale Area. This is a rare chance to secure a well-located infill parcel in a proven redevelopment zone. ________________________________________ WHY THIS SITE WORKS Proven Redevelopment Corridor The neighborhood is already transitioning from older single family homes to modern townhomes and multifamily projects. This reduces risk and increases predictability for new construction. RML 25 Zoning with Real Density, Flood X, No HOA The lot supports up to four, 3-story units (up to 35ft high, with additional 3rd floor side setbacks), and conceptual plans are available. Developers gain immediate clarity on feasibility and density. Efficient 8,580 SF Lot (60'x143'), with 60 ft frontage, 5 ft side setbacks (up to 22 ft high), 15 ft rear setback, 25 ft front setback Ideal dimensions for townhomes or multifamily layouts, parking efficiency, and modern design. High Demand East Fort Lauderdale Location Minutes to Las Olas, downtown, convention center, beaches, and the airport — strong appeal for both end users and renters. Strong Market for New Construction New townhomes in the area command premium pricing, supporting both build to sell and build to rent strategies. Clear Land Value Play The existing structure is usable, but the site’s value is in redevelopment. Clean, straightforward, and ready for a builder. End Buyer Controlled Sale Direct, transparent transaction between the actual buyer and the actual owner/seller. _______________________________________ Seller prefers initial contact by text/email/or direct message. Seller does not discuss property in street, on sidewalk, or on neighboring properties. No wholesalers, no assignments, no novations, and no third-party marketing. End buyers only.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

.2 Acre RML25 Redevelopment Opportunity

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RML – 25

APN/PARCEL ID

50-42-14-03-0520

ASK ABOUT THIS PROPERTY

Henry MilamHenry MilamMore Info
954-669-0658

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Henry MilamHenry MilamMore Info
954-669-0658

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