Commercial Land
817 North Andrews Avenue Fort Lauderdale, FL 33311
Details & Description
Price: $6,185,520
    Marcus & Millichap is pleased to present for sale this mixed-use redevelopment opportunity in Fort Lauderdale, Florida. The property benefits from the 324,739 residents and an average household income $83,290 within a five-mile radius with an expected four percent population growth by 2025. The subject property lies within the Northwest Regional Activity Center Master Plan (NWRAC),a city redevelopment initiative with the goal of creating a dynamic urban area with both daytime and evening activities. The favorable zoning, NWRAC-MUne, permits a developer to build up to a height of 120 feet. The city's rezoning will revitalize the area from a relatively under-utilized resource to a bicycle and pedestrian-friendly urban corridor that offers a mix of uses to serve nearby neighborhoods and bring the corridor back to the vibrant and thriving business, shopping, cultural and entertainment area that it once was. Within the Northwest Regional Activity Center there are 3,291 residential units, 373,400 square feet of office, 132,332 square feet or restaurant/ retail space and 137 hotel rooms under construction as of May 2021. In addition, the city has approved another 5,058 residential units, 551,223 square feet of office space, 211,674 square feet of restaurant/retail space and 297 hotel rooms with more projects currently in review for approval. The subject property consists of two adjoining parcels totaling 0.71- acre. It is located one block south of Sunrise Boulevard, a main retail corridor, generating a traffic count of 53,500 vehicles per day with numerous National and Regional retailers including ALDI, Walgreens, Dunkin, McDonalds, Home Depot, Circle K, among others. The property is well positioned to provide its tenants with many local attractions and amenities including ease of access to highways and public transportation, easily walkable parks, and many restaurants.
    Property Highlights
     Expanding Population Population Projected to Grow 4 by 2025 in a One-Mile Radius
     Under One Mile from Brightline Station and 3.4 Miles from Tri-Rail Station
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    Kevin OHanlon
    Marcus & Millichap
    O: 786-522-7098
    kevin.ohanlon@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    817 North Andrews Avenue

    Fort Lauderdale, FL 33311

    LAND FT. LAUDERDALE

    Listing ID: 275825
    • 817 North Andrews Avenue Fort Lauderdale, FL 33311 | for Sale | Photo 1
    • 817 North Andrews Avenue Fort Lauderdale, FL 33311 | for Sale | Photo 2
    • 817 North Andrews Avenue Fort Lauderdale, FL 33311 | for Sale | Photo 3
    817 North Andrews Avenue | for Sale | Thumbnail 1
    817 North Andrews Avenue | for Sale | Thumbnail 2
    817 North Andrews Avenue | for Sale | Thumbnail 3
    Building Size: --
    Lot Size: 0.710 AC
    Land Size: 30,927 SF
    Building $/SF:
    Land $/SF: $200.00
    Price
    $6,185,520
    Property Highlights
    Value-Add Development Opportunity Located in Designated Opportunity Zone
    Zoning Permits New Development to a Height of 120 Feet
    Expanding Population Population Projected to Grow 4 by 2025 in a One-Mile Radius
    Dense Infill Location Population of 324,150 within Five-Mile Radius
    Under One Mile from Brightline Station and 3.4 Miles from Tri-Rail Station
    Florida is a No Income Tax State
    Description

    Marcus & Millichap is pleased to present for sale this mixed-use redevelopment opportunity in Fort Lauderdale, Florida. The property benefits from the 324,739 residents and an average household income $83,290 within a five-mile radius with an expected four percent population growth by 2025. The subject property lies within the Northwest Regional Activity Center Master Plan (NWRAC),a city redevelopment initiative with the goal of creating a dynamic urban area with both daytime and evening activities. The favorable zoning, NWRAC-MUne, permits a developer to build up to a height of 120 feet. The city's rezoning will revitalize the area from a relatively under-utilized resource to a bicycle and pedestrian-friendly urban corridor that offers a mix of uses to serve nearby neighborhoods and bring the corridor back to the vibrant and thriving business, shopping, cultural and entertainment area that it once was. Within the Northwest Regional Activity Center there are 3,291 residential units, 373,400 square feet of office, 132,332 square feet or restaurant/ retail space and 137 hotel rooms under construction as of May 2021. In addition, the city has approved another 5,058 residential units, 551,223 square feet of office space, 211,674 square feet of restaurant/retail space and 297 hotel rooms with more projects currently in review for approval. The subject property consists of two adjoining parcels totaling 0.71- acre. It is located one block south of Sunrise Boulevard, a main retail corridor, generating a traffic count of 53,500 vehicles per day with numerous National and Regional retailers including ALDI, Walgreens, Dunkin, McDonalds, Home Depot, Circle K, among others. The property is well positioned to provide its tenants with many local attractions and amenities including ease of access to highways and public transportation, easily walkable parks, and many restaurants.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Fort Lauderdale History of Commercial Land for Sale

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    Fort Lauderdale Area Market Trends

    Listing Demographics for 817 North Andrews Avenue Fort Lauderdale, FL 33311

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population25,076159,173349,650
    Population Median Age374141
    Population by Age0-9 Yrs3118 (12%)16221 (10%)37178 (10%)
    10-19 Yrs2372 (9%)15924 (10%)36519 (10%)
    20-29 Yrs4257 (16%)21434 (13%)45499 (13%)
    30-39 Yrs5135 (20%)23414 (14%)46940 (13%)
    40-49 Yrs2697 (10%)20800 (13%)44939 (12%)
    50-59 Yrs3274 (13%)24304 (15%)51639 (14%)
    60-69 Yrs2682 (10%)20281 (12%)45420 (12%)
    70+ Yrs1542 (6%)16794 (10%)41515 (11%)
    Median HH Income$47,005$55,631$53,653
    Total Household Income< 24K2659 (25%)15036 (22%)31252 (22%)
    25-49K2839 (27%)15464 (23%)33861 (24%)
    50-74K1659 (15%)10964 (16%)23757 (17%)
    75-99K987 (9%)7252 (10%)14778 (10%)
    100-199K1668 (15%)11766 (17%)23073 (16%)
    200K+664 (6%)6306 (9%)11314 (8%)
    Highest Education LevelNo Diploma28121603136941
    Diploma or GED43472926670837
    Some College34332173147795
    Assoc. Degree1704985120685
    Bachelors Degree35882610550175
    Higher Degree24831646531526
    Total Housing Units12,42385,592179,538
    --Owner-Occupied2,61932,18174,844
    --Renter-Occupied7,85734,60863,191
    Owner-Occupied Values< 100K14727928792
    100-199K683670216948
    200-299K484571814805
    300-399K516487410802
    400-499K24830896342
    500K+542900617153
    Total Working Age Population20,693133,560290,389
    In Work Force14,75787,388186,735
    Not In Work Force5,93646,171103,653
    Workforce Employed13,62981,115172,659
    Workforce Unemployed1,1196,20313,933
    Civlian Workforce14,74887,317186,593
    Military Workforce971143
    Total Households10,47666,788138,035
    Family Households4,58030,71271,694
    Non-Family Households5,89636,07766,341
    Married Couple2,39919,32045,040
    Other Family2,18111,39126,654
    Married w/Child8415,49613,454
    Single Male w/Child1371,1192,648
    Single Female w/Child9354,1139,484

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Broward County1,623,018+81,748,066+111,942,686+92,120,334

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 817 North Andrews Avenue in Fort Lauderdale?
    The asking price for 817 North Andrews Avenue is $6,185,520
    How much land does the Fort Lauderdale, FL property at 817 North Andrews Avenue include?
    817 North Andrews Avenue in Fort Lauderdale includes 0.710 acres of land
    What kind of Land is the propery at 817 North Andrews Avenue?
    The property at 817 North Andrews Avenue Fort Lauderdale, FL 33311 is listed as a Retail Land Land property
    What is the population within 1 mile of 817 North Andrews Avenue in Fort Lauderdale?
    The population within 1 mile of 817 North Andrews Avenue Fort Lauderdale, FL 33311 is 25,076 people.
    Who do I contact for questions about 817 North Andrews Avenue?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Fort Lauderdale Hollywood International Airport (FLL) 4
    Miami International Airport (MIA) 25
    Palm Beach International Airport (PBI) 38
    Price
    $6,185,520
    Listing Agent
    Listing Co-Agent
    Gabriel Britti - CRE Agent at Marcus & Millichap

    Ronnie Issenberg

    Independent Agent
    Listing Co-Agent
    Gabriel Britti - CRE Agent at Marcus & Millichap

    Kevin OHanlon

    Independent Agent
    More listings from Gabriel Britti
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