2599 NW 56th Ave, Lauderhill, FL 33313

Marcus & Millichap is proud to present for sale The Circle at Inverrary, a 5.68-acre assemblage offering a rare opportunity for multifamily development in the heart of Lauderhill, a city experiencing significant growth and revitalization. Based on current zoning a developer may be able to build at least approximately 72 units. The property's strategic location and favorable zoning make it ideal for a residential project.

Lauderhill is witnessing a wave of new developments, such as the 441 Arthouse project—a 245-unit mixed-use development with approved site plans and city/CRA development agreements. This project highlights the city's commitment to revitalization and its support for developers through incentives and streamlined processes.

Lauderhill is centrally located in Broward County, providing easy access to major transportation arteries, including the Florida Turnpike, I-95, I-75, and the Sawgrass Expressway. The city is also in proximity to three international airports and three major seaports, enhancing

its appeal for residents and businesses alike.

The median sold price for homes in Lauderhill surged by 55.8% over the past year, reaching $303,750 in February 2025. This significant increase indicates a strong demand for housing, making multifamily developments a lucrative investment.

Lauderhill's labor force has shown resilience and growth, with employment numbers increasing from 35,204 in 2022 to 35,909 in 2023, and the unemployment rate decreasing to 3.5% in 2023. The city's proactive economic development initiatives, such as the Commercial Redevelopment Incentive Program, aim to attract innovative projects that bring transformative change and modernization.

With a population of approximately 73,746, Lauderhill boasts a diverse and vibrant community. The city offers an abundance of social, recreational, and educational activities, including several public and private schools, libraries, and cultural events. Its proximity to beaches and parks enhances the quality of life for residents

Seize this exceptional opportunity to develop a multifamily project in a city poised for continued growth and revitalization. With strategic location advantages, robust economic indicators, and supportive city initiatives, 2599 NW 56th Ave stands out as a prime investment.