SQUARE FEET2,806
MLS#B26052973
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Positioned in one of Fort Lauderdale's fastest-growing neighborhoods, 1301-1305 NE 16th Terrace presents an outstanding opportunity to acquire a well-located 9-unit multifamily property surrounded by significant new development and ongoing neighborhood revitalization. The property offers a desirable unit mix consisting of: 1- 2BD 1BA, 1- 2BD BA, 7- 1BD 1BA residences. Its prime location places residents just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, while providing quick access to I-95, US-1, shopping, dining, entertainment, and major employment centers. This highly connected location continues to attract strong rental demand from professionals, seasonal residents, and those seeking the South Florida lifestyle. The surrounding area is experiencing substantial investment, with numerous luxury residential and mixed-use developments transforming the neighborhood and supporting long-term appreciation potential. Investors will benefit from owning an income-producing asset in a market where continued redevelopment and limited housing supply continue to drive demand. Whether you're looking to expand your multifamily portfolio, execute a value-add strategy, or secure a long-term hold in one of South Florida's most dynamic growth corridors, 1301-1305 NE 16th Terrace offers an exceptional combination of location, unit mix, and future upside. Don't miss the opportunity to invest in a property positioned at the center of Fort Lauderdale's continued growth and redevelopment.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Ceiling Fan(s)
Fenced: Yes
Heating: Central
Lot Size: 0.26 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $36,775
Year Built: 1949
Feature Descriptions
Exterior: CBS
Fencing: Fenced, Full
Flooring: Tile
Parcel#: 494234028110
Parking: Assigned, On Street
Parking Notes: Assigned, On Street
Security: Fire Alarm, Smoke Detector(s)
Sewer: Public Sewer
Sprinkler: None, Auto Sprinkler
Units: 9
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Water: Other, Public
Listed By / Shown By
Listed By
Agency Name: One Sotheby's International Realty
Agency Phone: 561-997-7227
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1301 NE 16th Terrace, Unit 1-9 | MLS# B26052973
This commercial property located at 1301 NE 16th Terrace, Unit 1-9, Fort Lauderdale, FL 33304 is currently listed for sale with an asking price of $2,600,000. Search Fort Lauderdale real estate on www.realtymark.net today.