Approved Hotel Site-Fort Lauderdale FL

1010 Northeast 17th Avenue Fort Lauderdale, FL 33304

1010 Northeast 17th Avenue, Fort Lauderdale, FL, 33304
1010 Northeast 17th Avenue, Fort Lauderdale, FL, 33304
FOR SALE
Property Type:
Commercial Land Development
Amount:
$7,000,000
Last Verified:
Dec 03, 2021

The subject property is a two-parcel assemblage totaling 13,000+/- square feet. One parcel is currently vacant the second has a small convenience store. The property is zoned B1 and was formerly approved for a 14 story Cambria Suites Hotel. The property was designed to have a 4-floor parking structure, 120 guest rooms, 13,000 sq. ft. lobby and bar, and 1,800 square feet of retail. The building was proposed to be 14 stories. The property is located 1.5 miles from the beach, close to the Galleria Mall, I-95 and A1A. The property is situated just off Sunrise Boulevard and features over 38,000 cars per day. There is a new 100+ unit residential structure.

Map of 1010 Northeast 17th Avenue, Fort Lauderdale, FL, 33304

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.