925 W Las Olas Blvd - Apartments FOR SALE


Fort Lauderdale, FL 33312- Sailboat Bend
$1,947,000 USD
561-232-7899
925 W Las Olas Blvd, Fort Lauderdale, FL for Sale
$1,947,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

925 W Las Olas Blvd
Fort Lauderdale, FL 33312
Sailboat Bend


HIGHLIGHTS

  • Fully entitled, permit-ready 6-unit luxury townhome project
  • Ready for permits—start building without delay
  • Cash flow during pre-development—existing tenants on month-to-month leases
  • Strong sales velocity and pricing in surrounding market, which has continued to outpace other Florida metros
  • Premium product type with strong demand for fee-simple townhomes near the urban core
  • Brokers Protected. All reasonable offers and terms considered. Seller Financing and JV Possible.

OVERVIEW

Positioned in the heart of Fort Lauderdale’s highly desirable Sailboat Bend neighborhood, this shovel-ready development site offers a rare and immediate opportunity to build six luxury townhomes in one of South Florida’s fastest-growing residential corridors. Just steps from the Riverwalk and Las Olas Boulevard, the property is within walking distance to downtown Fort Lauderdale, including dining, nightlife, museums, shopping, and cultural centers. The 13,000 SF double lot has been fully approved for two three-story multifamily buildings totaling six modern townhome units. With architectural plans, engineering, and site development already complete and reviewed, the project is ready to submit for permits, offering an accelerated path to vertical construction. Each unit features rooftop terraces, private garages, and high-end design, with internal A/C living areas ranging from 2,000 to 2,060 SF and gross building areas approaching 2,665 SF per unit. The site plan includes two guest parking spaces, integrated landscaping, and pedestrian-friendly access via a new 5’ sidewalk along W Las Olas Blvd. Seller financing assistance and JV opportunities considered. UNIT MIX & DESIGN: Two buildings (3 units each): - Unit A (x2): 1,999.92 SF A/C | 2,642.10 SF under roof - Unit B (x2): 2,044.63 SF A/C | 2,657.65 SF under roof - Unit C (x2): 2,058.24 SF A/C | 2,665.22 SF under roof Each townhome includes: - 3 stories + rooftop deck - Private garage - Covered and uncovered porches - Modern urban design with impact windows and private outdoor space SITE METRICS: - Zoning: RML-25 (Res. Multifamily Low Rise / Medium-High Density) - FAR: 117% | Total Building Area: 15,263 SF - Height: 3 stories + rooftop deck (within 35’ BFE max) - Parking: 14 total (12 garage, 2 guest) - Landscaped Area: 1,512 SF (exceeds requirement) - Open Space Provided: 7,723 SF - Setbacks & spacing compliant with generous 24’ between buildings LOCATION HIGHLIGHTS: - Minutes to downtown Fort Lauderdale, Brightline Station, and Riverwalk - Immediate access to I-95, US-1, and the beach - Walking distance to Las Olas dining, nightlife, performing arts center, and more - Surrounded by historic charm and ongoing residential redevelopment Don’t miss this rare infill development site in one of Fort Lauderdale’s most walkable and sought-after downtown neighborhoods. Whether you’re a developer looking to build and sell, or an investor looking to hold and lease, this opportunity offers location, full approvals, and flexibility.

FOR SALE DETAILS

PRICE

$1,947,000 USD

PRICE/SF

$913 USD /SF

# OF UNITS

6

PRICE/UNIT

$324,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

RML-25

APN/PARCEL ID

50-42-09-09-1430,50-42-09-09-1431

ASK ABOUT THIS PROPERTY

Brad KuskinGoCommercial at CompassMore Info
561-232-7899

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Brad KuskinGoCommercial at CompassMore Info
561-232-7899

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