Land in Fort Lauderdale, FL 33311Washington Park, 795 NW 27th Ave
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OFF MARKET
0.33
AcreStatus
OFF MARKETExpired
Size
0.33 Acres (1,337 m2)
Price
$2,784,091/Acre ($687/m2)
Type
Land
MLS Number
F10483601
On Site
567 Days
Updated
486 Days ago
Page Views
0
SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject site: approx $38k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use.
Features
All features
- Current Use: Other
- Approx SqFt Total Area: 14388
- Property SqFt: 14388
- Remarks: SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject site: approx $38k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use.
- Internet Remarks: SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject site: approx $38k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use.
- Waterfront: No info
- Days on Market: 80
- Compass Point: NW
- Office Name: United Realty Group Inc.
- Area: 14388
- Taxes: 12073
- Tax Year: 2023
- Listing Date: 2025-02-21T17:24:05.000-00:00
- Lot Size Square Feet: 14388
Apples-to-Apples Comparables
Price History
Current
$919K
High
$959K
Low
$919K
Total Change
-4.2%Date
Event
Price
Change
Price Per
05/12/2025
Price Reduced
$919K
-4.17%$64 ft2
$687 m2
02/21/2025
Listed
$959K
 $67 ft2
$717 m2
05/12/2025
$919K
Event
Price Reduced
Change
-4.17%Price Per
$64 ft2
$687 m2
02/21/2025
$959K
Event
Listed
Price Per
$67 ft2
$717 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .
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Scores
62
100
53
100
77
100
0
100
29
100
1
100
Community Snapshot
2 – 5 BR
Bedrooms
$150K – $1M
Price Tier
360 - 9,423
SqFt Range
1979
Year Build
1
Total Floors
Subdivision Amenities
None
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