Lake Ridge, 1020 NE 16th Ter Fort Lauderdale, FL 33304

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