Multi-Family
The Circle at Inverrary
2599 NW 56th Ave, Lauderhill, FL 33313
Listing Price: $3,950,000
Investment Overview
Marcus & Millichap is proud to present for sale The Circle at Inverrary, a 5.68-acre assemblage offering a rare opportunity for multifamily development in the heart of Lauderhill, a city experiencing significant growth and revitalization. Based on current zoning a developer may be able to build at least 102 units. The property's strategic location and favorable zoning make it ideal for a residential project.
Lauderhill is witnessing a wave of new developments, such as the 441 Arthouse project—a 245-unit mixed-use development with approved site plans and city/CRA development agreements. This project highlights the city's commitment to revitalization and its support for developers through incentives and streamlined processes.
Exclusively Listed By
Listing Price: $3,950,000
Investment Highlights
- 5.68 AC of land, a rare in?ll opportunity in a growing urban corridor
- Lauderhill, actively encouraging development
- Submarket has strong monthly rents with occupancy over 89%
- Lauderhill CRA offering Commercial Redevelopment Incentive Programs
Investment Overview
Marcus & Millichap is proud to present for sale The Circle at Inverrary, a 5.68-acre assemblage offering a rare opportunity for multifamily development in the heart of Lauderhill, a city experiencing significant growth and revitalization. Based on current zoning a developer may be able to build at least 102 units. The property's strategic location and favorable zoning make it ideal for a residential project. Lauderhill is witnessing a wave of new developments, such as the 441 Arthouse project—a 245-unit mixed-use development with approved site plans and city/CRA development agreements. This project highlights the city's commitment to revitalization and its support for developers through incentives and streamlined processes.
Exclusively Listed By
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