1.3 Acres of Residential Land in Fort Lauderdale, FL
A re-development of the property may include hotel, residential (condo), and restaurants & accessory commercial retail uses that are confined within a high rise hotel or residential structure. The property’s location on the north end of Fort Lauderdale Beach is one of the most popular tourist areas in the region. The property abuts the Bonnet House Museum & Gardens to the north, one of the top attractions in Fort Lauderdale and frequently the site of weddings and private events. This 31 Acre historic property provides a natural buffer and attractive view corridor to the north.
The abutter to the east is a +/- 1.62 acre site that the City of Fort Lauderdale purchased in 2017 to forestall high-rise development. For these reasons, the property boasts unobstructed views of the ocean to the east and north. In addition, the property is uniquely positioned to be the first hotel and/or condo building located on the beach when heading south on A1A from Sunrise Blvd. The property is close to the beach and numerous restaurants and shops. Less than a 10 minute drive to Las Olas Boulevard for additional shopping, dining & bars. The property’s zoning would allow for entitlement/development of a 65-room resort hotel and 41 multifamily residential units.
CBRE has been retained as the exclusive advisor for the sale of a prime 1.3 acre development opportunity in Fort Lauderdale Beach. Located at 733 Breakers Ave, Fort Lauderdale, FL 33304, the site is currently owned by Covenant House and operating as a congregate care facility. The existing facility and functions are being relocated, allowing the prospective buyer flexibility in timing to obtain site plan approval.
The property is located one block west of the Atlantic Ocean, and abuts the Bonnet House Museum & Gardens to the north. The Bonnet House is a 31 acre historic property which provides a natural buffer and attractive view corridor to the north of the subject property. The abutter to the east is a 1.6 acre municipal property that was purchased by the City of Fort Lauderdale in 2017 to forestall high-rise development. For these reasons, the property boasts unobstructed ocean views to the east and the north, and views of the intracoastal waterway and downtown Fort Lauderdale to the west.
The property’s zoning would allow for entitlement/development of a 65-room resort hotel and 41 multifamily residential units. It is a prime development site in a high barrier to entry market in Fort Lauderdale Beach. With limited opportunities for re-development, this site provides prospective developers with a unique opportunity to repurpose the site and develop a landmark, mixed-use building consisting of hotel or condo use.