N State Rd 7 & NW 19th St - Apartments FOR SALE


Lauderhill, FL 33311
$13,900,000 USD
786-385-9478
N State Rd 7 & NW 19th St, Lauderhill, FL for Sale
$13,900,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

N State Rd 7 & NW 19th St
Lauderhill, FL 33311


HIGHLIGHTS

  • Prime mixed-use development opportunity in rapidly growing Lauderhill Arts District
  • City Development Agreement Recently Obtained - Fully entitled with approved site plan and FDOT permits
  • Three 5-story buildings with 305,567 GSF on nearly 5 AC, 245 apartment units,7,000 SF ground floor retail/commercial space, & surface parking
  • Unit mix includes 50 studios, 105 one-bedroom, 74 two-bedroom, 12 three-bedroom, and 4 one-bedroom townhouse units
  • Amenities include main lobby w/ elevators, co-working space, tenant storage, fitness & yoga facilities, kids room, clubhouse, pool deck & BBQ areas
  • Prime location on N State Rd 7 seeing 54,500 vehicles daily, located in CRA w/multiple Tax Incentives available & amongst major development projects

OVERVIEW

441 Arthouse | Site Plan Approved 245-Unit Mixed-Use Development with City/CRA Development Agreement Lee & Associates is delighted to offer for sale with an "approved site plan" for the mixed-use development project called "441 Arthouse". The site is an infill development project within the CRA, in the City of Lauderhill, Florida a short 10 minutes from Downtown Fort Lauderdale. Comprising three five-story buildings, this expansive development encompasses a gross building area of 305,567 square feet (GSF) situated on nearly 5 acres of prime real estate. The centerpiece of this offering is the 245 apartment units seamlessly integrated with 7,000 square feet of ground-floor retail/commercial space, presenting a synergistic blend of residential and commercial opportunities. FULL OFFERING MEMORANDUM AVAILABLE UPON REQUEST. This is an exceptional opportunity to acquire one of the few remaining vacant land parcels in a land-constrained market. Only 5% vacant land exists within the city of Lauderhill currently experiencing a boom in major redevelopment activity. Nearby projects include IMC Equity Group's high-rise mixed-use apartments slated to redevelop the Lauderhill Mall property just two blocks south of 441 Arthouse. This project additionally has approved development agreement with City/CRA, in addition to approved site plan with FDOT permits. The property will be delivered as a turnkey investment opportunity. The planned unit mix includes 50 studios, 105 one-bedroom units, 74 two-bedroom units, 12 three-bedroom units, and 4 one-bedroom townhouse units. Boasting an array of amenities such as a large surface parking lot with 310 spaces, main lobby with elevators, package and mail room, fitness and yoga facilities, kids room and clubhouse, tenant storage, and a spacious pool deck with grilling and picnic areas, this development promises a coveted lifestyle experience for residents while offering lucrative potential for savvy investors. The property enjoys a prime location in the up-and-coming Lauderhill Arts District directly fronting N State Rd 7, a major thoroughfare servicing an amazing 54,500 vehicles per day. Surrounded by prominent big box retailers and conveniently accessible, the property benefits from its high visibility to the heavy traffic flow and abundant neighborhood amenities. With recent population growth and significant development in the area, 441 Arthouse stands as a beacon of opportunity for investors looking to position themselves in a dynamic and growing market.

FOR SALE DETAILS

PRICE

$13,900,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

245

PRICE/UNIT

$56,735

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

441 Arthouse

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2026

PARKING SPACES

310

LAND DETAILS

LAND ACRES

4.65 AC

LAND SF

202,554 SF

ZONING

CG / Transect Zone

APN/PARCEL ID

49-41-25-32-0010,49-41-25-32-0030,50-42-06-00-0380

ASK ABOUT THIS PROPERTY

Todd CohenLee & AssociatesMore Info
786-385-9478

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Todd CohenLee & AssociatesMore Info
786-385-9478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.