RARE ASSEMBLAGE — SOLD TOGETHER ONLY. Two contiguous parcels (Folios 504210015131 & 504210015132) totaling 12,500 SF (100 × 125 ft) in the heart of Fort Lauderdale's New River South corridor. Zoned RAC-SMU — one of the city's most flexible designations permitting townhomes, multifamily, and mixed-use development. Currently tenant-occupied generating $7,200/month in rental income to offset some carrying costs during permitting and pre-construction. Rear alley provides all vehicle and garage access — no curb cut on SW 4th Ave required. RAC Future Land Use — inquire about potential Live Local Act eligibility. Minutes to downtown Las Olas, I-95, FLL Airport, Port Everglades & beaches. Sold as-is. This is a rare opportunity to acquire two contiguous development parcels totaling 12,500 SF in one of Fort Lauderdale's most active urban infill corridors — the New River South / Tarpon River neighborhood, just 0.4 miles from downtown Las Olas. THE SITE: 634 SW 4th Ave (Folio 504210015131) and 638 SW 4th Ave (Folio 504210015132) are sold exclusively together as a single assemblage. Combined dimensions: 100 ft wide × 125 ft deep. A rear platted alley provides all vehicle and garage access — no curb cut on SW 4th Avenue is required, a significant design advantage. THE ZONING: RAC-SMU (Regional Activity Center — Southwest Mixed Use) is among Fort Lauderdale's most flexible zoning designations, permitting townhomes, multifamily residential, and mixed-use development. The property's RAC Future Land Use designation — buyers and their counsel are encouraged to inquire about potential eligibility under Florida's Live Local Act (SB 102). THE INCOME: Two existing duplexes are currently occupied by tenants generating $7,200 per month in rental income. This cash flow can meaningfully offset some carrying costs during the permitting and pre-construction planning period — a tangible advantage over vacant land. THE MARKET: New construction townhomes in the Tarpon River / New River South corridor are actively trading between $875,000 and $1,100,000+. The submarket has seen double-digit year-over-year median price appreciation. Demand from both end-users and developers continues to be strong. CONTACT: For additional information including a detailed offering package with pro forma, conceptual site plan, and zoning analysis, contact the listing agent directly.

Listing courtesy of The Keyes Company



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Last checked: 2026-04-29 10:19 AM UTC