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New
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$3,180,000

For Sale

9 hours ago

MLS® A11966949

0 Bed

0 Bath

--

18 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $30,700
Days Active 0
Approx. Age 1976
MLS® Number A11966949

Property Address: 1111 Tequesta St, Fort Lauderdale, FL, 33312-2599

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional multifamily opportunity in the highly desirable Sailboat Bend area of Fort Lauderdale. This 17, 499 SF lot (0.40 acres) is zoned RML-25 with Medium-High Density Future Land Use designation — zoning and FLU are aligned, providing long-term redevelopment clarity and stability. The property is currently improved with a 12-unit multifamily building totaling 7, 839 SF, originally built in 1976 and actively operating as an income-producing asset. The existing improvements present immediate cash flow potential with value-add upside through renovation, repositioning, or strategic redevelopment. RML-25 zoning allows up to 25 units per acre. Density calculations indicate approximately 10 units by right on a 0.40-acre lot; however, the existing 12-unit configuration may benefit from legal non-conforming or grandfathered status based on original approvals. Buyers should independently verify redevelopment potential and density allowances. Permitted typologies under RML-25 include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable). Property is located within the NDCR Overlay and FEMA AE flood zone (BFE 6 ft). Prime location minutes from Downtown Fort Lauderdale, Las Olas, major transportation corridors, and ongoing redevelopment activity. Ideal for investors seeking stabilized income with long-term redevelopment optionality.
MLS® NumberA11966949
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1976
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building & Land, Equipment, Leases

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$3,180,000List Price
  • Commute

Commute

Starting Address
Destination Address
1111 Tequesta St, Fort Lauderdale, FL

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