730 W Broward Blvd
Fort Lauderdale, FL 33312
Downtown Fort Lauderdale Mixed-Use · Local commercial Bien À vendre

Marcus & Millichap has been exclusively retained to market for sale a generational retail mixed-use property situated on 1.93 acres in downtown Fort Lauderdale, Florida that is being offered for sale by the 20+ year owner. The offering includes an entire square block of four contiguous parcels, comprised of a Walgreens Drug Store, a 4-unit apartment building, a retail store, and a vacant lot. The existing zoning is a combination of RAC-WMU, B-1, and RMM-25.
RAC-WMU (Regional Activity Center - West Mixed Use) zoning district in Fort Lauderdale is a specialized designation designed to create a vibrant, walkable, and transit-oriented community, particularly in areas surrounding the city's downtown core. It is often used to facilitate the redevelopment of older commercial areas into mixed-use environments that combine residential, commercial, and high-density, high-rise development. The zoning permits a mix of uses, including residential (often high-rise, up to 40 stories in some proposed cases), commercial, and office spaces. RACWMU allows for high-density residential development, sometimes with no formal limit on Floor Area Ratio (FAR) within specific, approved projects. The zone often works in conjunction with affordable housing incentives and transit-oriented development (TOD) bonuses, allowing for increased building heights if specific criteria are met.
The offering provides the opportunity to acquire a rare and virtually non-existent 2-acre square block on Broward Boulevard at the gateway to Downtown Fort Lauderdale. The subject is just north of the Performing Arts Center and just west of the Brightline Station.