Building Description
Executive Summary
Bonvie Realty & Development, as exclusive agent for the Owner, is pleased to offer FOR SALE 201-215 SW 21st in Ft. Lauderdale. This rare small bay industrial warehouse property totals +/- 12,070 square feet & sits on a 0.48-acre site. 100% leased with an approx. NOI: $180,000 +/-. Located in one of the country’s densest and most desirable submarkets of Ft. Lauderdale. Current in-place rents for existing tenants are $20.00 modified gross with all tenants on "Month to Month" leases. Market rents remain meaningfully below the competitive set, allowing new ownership to increase rents while preserving the Property’s value-alternative positioning. Fully renovated in 2023-2026, with the following improvements: Brand-New Roof & Decking, New Impact Windows & Glass Doors, Brand New repaving-restriping, & New Paining. Located right off of St. Road-84, the property is centrally located with immediate access to Port Everglades, Ft. Lauderdale International Airport, I-595, I-95, & the Florida Turnpike. All easy approaches to the prime location.
Approved Uses by Zoning — Residential Low Rise Multifamily/Medium Density (RM-15)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Single Family Dwelling, Single Family Dwelling, Attached: Cluster (Sec. 47-18.9), Single Family Dwelling: Zero-lot-line (Sec. 47-18.38), Single Family Dwelling, Attached: Duplex/Two Family Dwelling (Sec. 47-18.45), Single Family Dwelling, Attached: Townhouses (Sec. 47-18.33), Multifamily Dwelling: Coach Home (Sec. 47-18.10), Multifamily Use, Community Residence, 3 residents maximum (Sec. 47-18.47), Community Residence 4 to 10 residents; 1,000' distance separation (Sec. 47-18.47), Multifamily Dwelling (item 1.j), Active and Passive Park (Sec. 47-18.44), Social Service Residential Facility, Level I (Sec. 47-18.32), Family Day Care Home (Sec. 47-18.8), Urban Agriculture / urban farms and community gardens (Sec. 47-18.41; allowed only where the 47-18.41 zoning/land-use-designation conditions are met)
With special approval
Community Residence 4 to 10 residents, less than 1,000' distance separation (Sec. 47-18.47), Community Residence, more than 10 residents / Community Residence, no license or certification available (Sec. 47-18.47), Bed and Breakfast Dwelling (Sec. 47-18.6), Mixed Use Development (Sec. 47-18.21), House of Worship (Sec. 47-18.17), School, Social Service Residential Facility, Level II (Sec. 47-18.32)
Read the full RM-15 zoning guide ›
