341,797 SF Apartment For Sale — $2,734,375 — 724 NE 3rd Ave, Fort Lauderdale – #85124

Executive Summary
Situated in the heart of Flagler Village, this rare two-parcel assemblage offers an exceptional development opportunity on one of the neighborhood’s busiest and most prominent corridors. With a total land size of 15,625 SF (0.36 acres), the property benefits from a massing study confirming at least 28 units can be built by right, making it an ideal site for multifamily or mixed-use development.
Flagler Village is one of Fort Lauderdale’s most sought-after urban neighborhoods, experiencing explosive growth with new residential, retail, and cultural projects. According to recent RentCafe data, Fort Lauderdale ranks as Florida’s #1 rental market and continues to have strong demand for housing.
The current property includes:
* 730 NE 3rd Ave: Seven existing apartments (fully leased) providing immediate income.
* 724 NE 3rd Ave: A two-bedroom home with a large yard (owner occupied).
This is a rare chance to secure a high-exposure development site in one of South Florida’s fastest-growing submarkets.
Listing is for parcels #494234072060 & 494234072070
This listing may be purchased separately or as part of a larger 1-acre assemblage opportunity on the block.

Allowed by right

Automotive: Automotive Parts & Supplies Store (installation in wholly enclosed buildings), Automotive: Automotive Sales, Rental, new or used vehicles (only when abutting Federal Highway or the Florida East Coast Rail Road), Automotive: Automotive Service Station (only when abutting Federal Highway), Boats, Watercraft and Marinas: Marine Parts and Supplies Store, Commercial Recreation: Billiard Parlor, Commercial Recreation: Indoor Motion Picture Theater, Commercial Recreation: Performing Arts Theater (less than 300 seats), Food and Beverage Sales and Service: Bakery Store, Food and Beverage Sales and Service: Bar, Cocktail Lounge, Nightclub, Food and Beverage Sales and Service: Cafeteria, Food and Beverage Sales and Service: Candy, Nuts Store, Food and Beverage Sales and Service: Catering Service, Food and Beverage Sales and Service: Delicatessen, Food and Beverage Sales and Service: Food and Beverage, Drive-Thru and Carryout (no Carryout permitted), Food and Beverage Sales and Service: Fruit and Produce Store, Food and Beverage Sales and Service: Grocery/Food Store, Food and Beverage Sales and Service: Ice Cream/Yogurt Store, Food and Beverage Sales and Service: Liquor Store, Food and Beverage Sales and Service: Meat and Poultry Store, Food and Beverage Sales and Service: Restaurant, Food and Beverage Sales and Service: Seafood Store, Food and Beverage Sales and Service: Supermarket, Lodging: Bed and Breakfast Dwelling, Lodging: Hotel, Manufacturing: Apparel, Textile, Canvas and related uses (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Contractor's yards (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Industrial Machinery and Equipment (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Processing and assembly of previously prepared materials (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Public Purpose Facilities: Active and Passive Park, Public Purpose Facilities: Civic and Private Club Facility, Public Purpose Facilities: College, University, Public Purpose Facilities: Conservation Area, Public Purpose Facilities: Government Facility, Public Purpose Facilities: House of Worship, Public Purpose Facilities: Library, Public Purpose Facilities: Museum and Art Gallery, Public Purpose Facilities: Police and Fire Substation, Public Purpose Facilities: Post Office Branch/Substation, Public Purpose Facilities: Public/Private Recreation, Public Purpose Facilities: School, including trade/business school (only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Residential Uses: Single Family Dwelling, Standard, Residential Uses: Cluster Dwellings, Residential Uses: Coach Homes, Residential Uses: Multi-family Dwelling, Residential Uses: Rowhouse, Residential Uses: Townhouse, Residential Uses: Two-Family/Duplex Dwellings, Residential Uses: Zero Lot Line Dwelling, Retail Sales: Antiques Store, Retail Sales: Apparel/Clothing, Accessories Store, Retail Sales: Art Galleries, Art Studio, Dealer, Retail Sales: Arts & Crafts Supplies Store, Retail Sales: Bait and Tackle Store, Retail Sales: Bicycle Shop, Retail Sales: Book Store, Retail Sales: Camera, Photographic Supplies Store, Retail Sales: Card & Stationery Store, Retail Sales: Cigar, Tobacco Store, Retail Sales: Computer/Software Store, Retail Sales: Consignment, Thrift Store, Retail Sales: Cosmetics, Sundries Store, Retail Sales: Department Store, Retail Sales: Fabric, Needlework, Yarn Shop, Retail Sales: Flooring Store, Retail Sales: Florist Shop, Retail Sales: Furniture Store, Retail Sales: Gifts, Novelties, Souvenirs Store, Retail Sales: Glassware, China, Pottery Store, Retail Sales: Hardware Store, Retail Sales: Hobby Items, Toys, Games Store, Retail Sales: Holiday Merchandise, Outdoor Sales, Retail Sales: Household Appliances Store, Retail Sales: Jewelry Store, Retail Sales: Lawn and Garden Center, Outdoor Display, Retail Sales: Linen, Bath, Bedding Store, Retail Sales: Luggage, Handbags, Leather Goods Store, Retail Sales: Medical Supplies Store, Retail Sales: Mobile Vendor, Retail Sales: Music, Musical Instruments Store, Retail Sales: Newspapers, Magazines Store, Retail Sales: Office Supplies, Equipment Store, Retail Sales: Optical Store, Retail Sales: Paint, Wallpaper Store, Retail Sales: Party Supply Store, Retail Sales: Pet Store, Retail Sales: Pharmacy, Retail Sales: Security Systems, Retail Sales: Shoe Store, Retail Sales: Sporting Goods Store, Retail Sales: Tapes, Videos, Music CD's Store, Services/Office Facilities: Auction House, Services/Office Facilities: Check Cashing Store, Services/Office Facilities: Child Day Care Facilities, Large, Services/Office Facilities: Contractors, Services/Office Facilities: Copy Center, Services/Office Facilities: Dry Cleaner (laundering plant permitted), Services/Office Facilities: Film Processing Store, Services/Office Facilities: Financial Institution, including Drive-Thru Banks, Services/Office Facilities: Formal Wear, Rental, Services/Office Facilities: Funeral Home, Services/Office Facilities: Hair Salon, Services/Office Facilities: Health and Fitness Center, Services/Office Facilities: Instruction: Fine Arts, Sports and Recreation, Dance, Music, Theater, Services/Office Facilities: Interior Decorator, Services/Office Facilities: Laundromat, Services/Office Facilities: Mail, Postage, Fax Service, Services/Office Facilities: Massage Therapist, Services/Office Facilities: Medical/Dental Office/Clinic, Services/Office Facilities: Nail Salon, Services/Office Facilities: Parking Facility, Services/Office Facilities: Personnel Services, including Labor Pools, Services/Office Facilities: Pest Control, Services/Office Facilities: Photographic Studio, Services/Office Facilities: Professional Office, Services/Office Facilities: Publishing Plant, Services/Office Facilities: Security Systems, Services/Office Facilities: Senior Citizen Center, Services/Office Facilities: Shoe Repair, Shoe Shine, Services/Office Facilities: Tailor, Dressmaking Store, Direct to the Customer, Services/Office Facilities: Tanning Salon, Services/Office Facilities: Tattoo Artist, Services/Office Facilities: Taxidermist, Services/Office Facilities: Travel Agency, Services/Office Facilities: Veterinary Clinic, Services/Office Facilities: Warehouse Facility, Services/Office Facilities: Watch and Jewelry Repair, Storage Facilities: Warehouse Facility (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way)

With special approval

Public Purpose Facilities: Addiction Treatment Center, Public Purpose Facilities: Food Distribution Center, Public Purpose Facilities: Social Service Facility - General, Public Purpose Facilities: Social Service Residential Facility