40,316 SF Warehouse / Distribution For Sale — $11,475,000 — 508 NE 1st Ave, Fort Lauderdale – #83111

Executive Summary
Native Realty is pleased to present a rare multifamily and land assemblage located at 536, 532, 528, 522, and 508 NE 1st Avenue in Fort Lauderdale. This portfolio spans a combined 57,375 square feet of land and includes multiple income-producing buildings along with a vacant parcel, offering a unique opportunity for both in-place cash flow and future redevelopment.
The portfolio consists of five parcels featuring a mix of multifamily improvements totaling approximately 30,666 square feet, in addition to a 6,375 square foot vacant lot. The existing buildings provide immediate income with operational upside through interior renovations and improved management, while the vacant land and overall assemblage create a compelling redevelopment opportunity.
Strategically positioned within close proximity to Downtown Fort Lauderdale and Flagler Village, the portfolio is located in one of the city’s most active growth corridors, surrounded by ongoing residential and mixed-use development. The scale and frontage along NE 1st Avenue provide strong visibility and long-term positioning for a cohesive redevelopment plan.
This offering presents investors and developers with the ability to acquire critical mass in a supply-constrained urban market, combining stabilized income with significant long-term upside through repositioning or ground-up development.