Overview
Avison Young is pleased to exclusively present the unique opportunity to acquire the Bayshore Development Site, a ±1.13 acre covered-land assemblage located in the heart of Fort Lauderdale Beach, FL (the “Property”). Currently host to a cash-flowing boutique hotel, developers can tap into one of South Florida’s most prestigious coastal destinations. While the existing zoning will allow for 79 residential units, there are entitlements in place for significantly more units. We believe that a developer can achieve over 150 units based on the existing entitlements, including luxury condominium, hotel, and retail uses.
Investment Highlights
Premier Location
Central Beach is the most prestigious stretch of Fort Lauderdale’s shoreline, embodying South Florida’s luxurious coastal lifestyle while offering incredible connectivity to lively Downtown Fort Lauderdale. Tremendous wealth surrounds Central Beach, such as the Barrier Island neighborhood to the south, as well as the Seven Isles and Sunrise Intracoastal communities across the river to the west.
Lucrative Development Site
The Property’s zoning allows for an impressive 79-unit condominium/hotel development of up to 20 stories, with existing entitlements for more, offering waterfront views and substantial unit sizes. The Property is currently encumbered by a boutique hotel, offering a stable income stream while site-plan approvals are attained.
Favorable Market Conditions
Real estate capital markets are seeing an exciting uptrend across all asset classes, and luxury condominiums continue to be in high demand in the South Florida market.
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