Tarpon Village presents a rare opportunity to acquire a multi parcel medical and professional office investment with significant covered land and future redevelopment potential in the heart of Fort Lauderdale. Located along Andrews Avenue, the property consists of seven parcels totaling approximately 1.19 acres with five buildings totaling 17,489 RSF.
The asset offers strong in-place cash flow with additional upside through lease rollover and mark-to-market rental growth, as several tenants are currently operating on short-term gross leases at below market rents. The tenancy is anchored by Holy Cross, occupying approximately 3,200 SF, alongside Sharpe Project Developments, which has successfully operated out of the property for over 20 years and occupies 4,989 SF.
In addition to the current income stream, the property offers long term redevelopment potential with a proposed 107-unit residential concept already studied across the site. While not currently entitled, substantial preliminary redevelopment work has been completed, positioning the asset as a strong future Live Local Act candidate.
Strategically located near Downtown Fort Lauderdale, Las Olas, and Flagler Village, Tarpon Village offers investors the rare ability to acquire a stabilized urban infill asset with immediate cash flow, below-market rents, and long-term redevelopment optionality in one of South Florida’s strongest growth markets.
Strong In-Place Cash Flow With Upside
Established Tenancy
Prime Infill Location
Well-Maintained Property
Flexible Investment Opportunity
Long-Term Redevelopment Potential