Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale 900 Intracoastal Drive, a 0.76 acre deep-waterfront development site located in East Fort Lauderdale, Florida.

SUBJECT PROPERTY
900 Intracoastal Drive is a two-story, 16-unit cooperative built in 1957 and situated on a 0.76-acre lot along the Intracoastal Waterway. The property is comprised of studio, one and two-bedroom units and consists of approximately 11,448 square feet, according to the Broward County Property Appraiser. 900 Intracoastal Drive is primarily owner-occupied at this time.

ZONING
900 Intracoastal Drive is located within the RMH-60 zoning district in the City of Fort Lauderdale. According to the citys website, the RMH-60 district is intended for high-rise, high-density multifamily residences and hotels. RMH-60 allows a maximum density of 60 residential units per net acre, 120 hotel rooms per net acre and 87 nursing home rooms per net acre. Maximum height (by right) is 150 feet, although the zoning code states a developer may apply for a conditional use permit for heights greater than one hundred fifty (150) feet, up to 300 feet. More information is available Section 2, pages 30-31 herein or at:
https://library.municode.com/fl/fort_lauderdale/codes/unified_land_development_code?nodeId=UNLADERE_CH47UNLADERE_ARTIIZODIRE_S47-5REZODIREOFZODI_S47-5.21LIPECOUSRMREHIRIMUHIDEDI

LOCATION
900 Intracoastal Drive is a redevelopment opportunity located along the Intracoastal Waterway just south of Sunrise Boulevard and east the Galleria Mall. The location allows for easy access to Sunrise Boulevard, Federal Highway (US-1), and Fort Lauderdale Beach Boulevard (A1A). 900 Intracoastal is within walking distance to numerous shopping, dining and retail attractions including the Galleria Mall (0.1 miles), Starbucks (0.3 miles) and Publix Supermarket at Galleria (0.4 miles). Other notable points of interest include Coral Ridge Yacht Club (0.6 miles), Hugh Taylor Birch State Park (0.6 miles), the Bonnet House Museum and Gardens (0.7 miles), Fort Lauderdale Beach (0.8 miles), Holiday Park (1.9 miles), Flagler Village (2.4 miles) and Downtown Fort Lauderdale (3.2 miles).
Nearby educational centers include Bayview Elementary School (0.8 miles), Sunrise Middle School (1.9 miles), Bennett Elementary School (1.9 miles), Virginia Shuman Elementary School (2.4 miles), Fort Lauderdale High School (3.0 miles) and Harbordale Elementary School (4.9 miles). Area private schools include St. Anthonys (2.4 miles), Cardinal Gibbons (3.9 miles), Bethany Christian School (4.3 miles), and Westminster Academy (5.0 miles). The surrounding neighborhood consists primarily of single-family homes and condominium properties with an average household income of $133,827 within 1-mile radius, according to Experian.

SUMMARY
900 Intracoastal Drive is being offered for sale unpriced, to be determined by the market.