Lauderdale Lakes Land

Highlights:

• Annual Tax: $ 35697.36

Description:

Coldwell Banker Commercial Realty is pleased to announce the availability of a prime development opportunity in Lauderdale Lakes, Florida. Located at NW 37th Terrace, Lauderdale Lakes, FL 33311, this parcel encompasses approximately 111,837 square feet. The seller offers architectural plans for a proposed development of approximately 124 residential units, subject to f inal approval by the City of Lauderdale Lakes zoning department. The proposed unit mix includes seventy-five (75) one-bedroom units, forty (40) two-bedroom units, and ten (10) three-bedroom units. Architectural drawing is available for purchaser. Population Growth: Lauderdale Lakes has experienced modest population growth over the past few decades. According to the U.S. Census Bureau, the population was 35,954 in 2020. Recent estimates indicate a slight decline, with a 2024 population of 36,029, reflecting a 0.02% annual decrease. New Developments in the Area: The City of Lauderdale Lakes has been proactive in encouraging development and revitalization efforts. The Community Redevelopment Agency (CRA) has outlined plans to stimulate private investment through infrastructure improvements and business development initiatives. These efforts aim to enhance the city's appeal and support new residential and commercial projects. Rental Growth Rate: The Lauderdale Lakes housing market has seen fluctuations in recent times. As of December 2024, the median sale price of homes was $253,250, representing an 18.3% decrease from the previous year. However, the median sale price per square foot increased by 22.0% during the same period, reaching $205. These mixed trends suggest a dynamic market with potential opportunities for new developments. Neighborhood Centers: Lauderdale Lakes boasts several neighborhood centers that serve as hubs for community activities and services. These centers offer recreational facilities, educational programs, and spaces for social gatherings, contributing to the city's vibrant community life. Additionally, the city's proximity to major commercial areas in Broward County provides residents with access to a wide range of shopping, dining, and entertainment options.

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