441 Arthouse | Site Plan Approved 245-Unit Mixed-Use Development with City/CRA Development Agreement

Ideally situated within an established area for infill development in Lauderhill, Florida. Fronting the bustling N State Rd 7, the site offers prime visibility and accessibility in a rapidly growing market. Surrounded by major big box retailers and enjoying heavy traffic flow, the location presents an unparalleled opportunity for businesses to thrive in one of Florida's most dynamic commercial corridors.Lee & Associates is delighted to offer for sale with an "approved site plan" for the mixed-use development project called "441 Arthouse". The site is an infill development project within the CRA, in the City of Lauderhill, Florida a short 10 minutes from Downtown Fort Lauderdale. Comprising three five-story buildings, this expansive development encompasses a gross building area of 305,567 square feet (GSF) situated on nearly 5 acres of prime real estate. The centerpiece of this offering is the 245 apartment units seamlessly integrated with 7,000 square feet of ground-floor retail/commercial space, presenting a synergistic blend of residential and commercial opportunities. This is an exceptional opportunity to acquire one of the few remaining vacant land parcels in a land constrained market. Only 5% vacant land exists within the city of Lauderhill currently experiencing a boom in major redevelopment activity. Nearby projects include IMC Equity Group's high-rise mixed-use apartments slated to redevelop the Lauderhill Mall property just two blocks south of 441 Arthouse. This project additionally has approved development agreement with City/CRA, in addition to approved site plan with FDOT permits. The property will be delivered as a turnkey investment opportunity. The planned unit mix includes 50 studios, 105 one-bedroom units, 74 two-bedroom units, 12 three-bedroom units, and 4 one-bedroom townhouse units. Boasting an array of amenities such as a large surface parking lot with 310 spaces, main lobby with elevators, package and mail room, fitness and yoga facilities, kids room and clubhouse, tenant storage, and a spacious pool deck with grilling and picnic areas, this development promises a coveted lifestyle experience for residents while offering lucrative potential for savvy investors. The property enjoys a prime location in the up-and-coming Lauderhill Arts District directly fronting N State Rd 7, a major thoroughfare servicing an amazing 54,500 vehicles per day. Surrounded by prominent big box retailers and conveniently accessible, the property benefits from its high visibility to the heavy traffic flow and abundant neighborhood amenities. With recent population growth and significant development in the area, 441 Arthouse stands as a beacon of opportunity for investors looking to position themselves in a dynamic and growing market.