Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Southeast House, a premier waterfront development site that is currently home to an 8-unit multifamily property located adjacent to the Bahia Mar Marina on the beautiful Fort Lauderdale Beach, Florida. The offering provides developers an opportunity to acquire a world-class luxury development opportunity. Southeast House is located directly on the Intracoastal with breathtaking views looking directly down the New River at the Fort Lauderdale skyline. The property is tucked just off - A1A on the quiet Harbor Drive, but yet just steps from the famed Fort Lauderdale Beach. The Fort Lauderdale Beach market is booming for both hotel and condominium development.
Southeast House offers developers a unique opportunity to acquire a 16,500 square foot development site directly on the Intracoastal, zoned RMH-60, allowing for condominium and/or boutique hotel development. The current units could provide in-place income while working through the entitlement process or could be held for the next cycle.
The Southeast House site represents a rare waterfront offering in the market and provides investors and developers the unique opportunity to acquire a prime site with in-place income and residential zoning in a highly sought after location. The subject property has direct access to the Fort Lauderdale Beach Intracoastal waterway with 100 linear feet of waterfront access and is in close proximity to the area’s main points of interest and new projects.
RMH-60 Zoning Residential Multifamily High Rise/High Density
The current in-place zoning for the Southeast House Development site RMH-60 - Residential Multifamily High Rise/High Density zoning. This zoning designation is pro-development and allows a variety of uses, with higher density and height regulations. The following outline the guidelines under the RMH-60 zoning code:
Residential Density (Units per Acre):
Hotel Density: (units per Acre)
Minimum Floor Area per Unit:
*Detailed Zoning Code Excerpt will be provided in the Virtual Deal Room
Up to 120
150 feet with a bonus of up to an additional 150 feet
25' front, 20' rear and 10' side
400 SF for multifamily and 120 SF for hotel
Subject to market conditions