1020 NE 16th Terrace Fort Lauderdale, FL 33304

0 Bedroom, Commercial Land

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AGENT'S REMARKS ABOUT 1020 NE 16TH TERRACE

Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex or a multi-family structure ( 3 units) up to 5 story high ( 55 feet high) Lot is 6, 762sf (0.16AC) Prime location with excellent visibility and accessibility. Strong demand for housing space in the area. Note: some of the photos depict renderings. Multifamily Ref's: Lot Size Min 5, 000sfHeight Max: 55 ft Lot Width Min: 50ftFront Set Back: 25ftSide set back: 10ftRear Set-back: 20ftLand Density: 3.8 units rounded down 3 units Maxduplex #1 is 1bdr 1 bath* similar structure generates $2k a monthduplex#2 is 2br 1 bath* similar structure generates $2.5K a monthwater meter is shared, 2 meters for electricity, roof 2010

$760,000

SAVE

Lot Size	6,751 SqFt
Subdivision	PROGRESSO
MLS#	RX-11056770
Listing Status	Active
Days on Market	2025-01-28

Request Information

Property Type: Commercial Land
Lot Size: 6,751 SqFt
House Faces/Primary View: East

County: Broward
Area: 3240
Subdivision: PROGRESSO

Annual Property Taxes: $7,278
Repo/Reo: No
Short Sale: No

VIDEO TOUR

MAP LOCATION FOR 1020 NE 16TH TERRACE FORT LAUDERDALE, FL 33304

Directions: Sheridan to the East until 15th Ave, turn to the North. One block North of Sunrise Blvd and 2 blocks NE from 15th Ave.

Listing courtesy of Douglas Elliman 04.01.2025

If you are interested in this property at 1020 NE 16th Terrace or any other properties in Fort Lauderdale please contact The Rucco Group at (561) 737-0366.