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Progresso

$760,000

1020 NE 16th Ter, Fort Lauderdale, FL 33304

Active
Last Updated: 04/02/2025

1,104 sqft

Building Size

1

Units

Details:
Building Size:    1,104 sqft
Units:    1
Year Built:    1952
Floors:    5
Parking Spots:    8
Gross Leaseable Area:    1,104
Highlights:
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Documents Available: None
  • Architectural Style: Other
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction Materials: CBS Construction
Description:

Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex, or multi family structure (3 units) up to 5 story high (55 feet high)
Lot is 6,762sf (0.16 AC) Prime location with excellent visibility and accessibility, Strong demand for housing space in the area. Note: some of the photos depict renderings.
Multifamily Req's:
Lot Size Min: 5,000sf
Height Max: 55ft
Lot Width Min: 50ft
Front set Back: 25ft
Side Set-back: 10ft
Rear Set-back 20ft
Land Density: 3.8 units rounded down - 3 units max
duplex #1 is 1bdr 1 bath
* similar structure generates $2k a month
duplex#2 is 2br 1 bath
* similar structure generates $2.5K a month

water meter is shared, 2 meters for electricity, roof 2010

Map:
Location
Gallery