Basic Information

  • MLS # F10506298
  • Type Triplex
  • Status Active Under Contract
  • Subdivision/Complex Progresso 2-18 D
  • Year Built 1953
  • Total Sqft 1,553
  • Date Listed 06/02/2025
  • Days on Market 48
Description

Prime development opportunity in Lake Ridge! This 135' x 50' lot is perfect for building two luxury townhomes, each with 25' of frontage. New construction townhomes in the area are selling for upwards of $1.3M, making this an excellent investment for developers. Existing multifamily structure has month-to-month tenants who have been notified of the sale. Property is being sold at land value. Zoned for multifamily use and located just minutes from downtown Fort Lauderdale, beaches, and shopping. Don’t miss this chance to build in one of Fort Lauderdale’s fastest-growing neighborhoods.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Spanish Tile, Tar Gravel
  • Style Triplex

Interior Features

  • Adjusted Sqft 1,553Sq.Ft
  • Cooling Description Central Air
  • Floor Description Tile
  • Heating Description Central
  • Sqft 1,553 Sq.Ft

Property Features

  • Address 1116 NE 17th Ter
  • City Fort Lauderdale
  • Community Features Non Gated
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels One
  • Listing Terms Cash
  • Lot Features Less Than Quarter Acre
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Fort Lauderdale
  • Public Survey Section One
  • Public Survey Township 4942
  • Roof Spanish Tile, Tar Gravel
  • Sewer Description Public Sewer
  • Stories 1
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Progresso 2-18 D
  • Tax Amount $11,482
  • Tax Legal desc P R O G R E S S O2-18 D L O T17 B L K160
  • Tax Year 2024
  • Terms Considered Cash
  • Type of Property Triplex
  • Year Built Details Resale

1116 NE 17th Ter

Fort Lauderdale, FL 33304

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC. tel: (954) 477-7332

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