Rare Waterfront Commercial Lot – Prime Development Opportunity! Seize this exceptional 2.73-acre (118,759 sq. ft.) commercial lot, zoned B-2, offering versatile development potential for office, service, retail use, and other various uses. The subject is Multifamily Land proposed for 136 units. There are plans for three, five-story buildings with 244 parking spaces and an average unit size of 887 square feet. Includes 32 split-level units and 104 single story units, many of which include balconies. The plans also call for amenities including a common plaza, splash pad, playground, and a dog park. Last appraisal was done in September 2022 for $5.3M. Buyer is responsible for their own DD. Drive by and call Listing agent for more details. Will not last!
3900 NW 37th St, Lauderdale Lakes, FL, 33309
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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