720 NE 3rd Ave, Fort Lauderdale, FL 33304

Covered Land Play in High-Growth Corridor

The asset offers immediate in-place income while positioning an investor for future land-driven redevelopment in a strong Fort Lauderdale submarket.

Income During Hold Period

Approximately ~80% occupancy provides ongoing cash flow, allowing an investor to offset holding costs while evaluating long-term redevelopment strategies.

Lease-Up Upside Enhancing Yield

One available suite presents an opportunity to increase Net Operating Income, improving returns before any future repositioning or redevelopment.

Strategic Urban Location Near Las Olas / Downtown

Positioned within a high-demand area experiencing continued growth, the underlying land is increasingly valuable over time.

Flexible RAC-UV Zoning (Redevelopment Potential)

Zoning allows for a variety of commercial uses, increasing optionality for:

• Repositioning
• Expansion
• Future redevelopment

Low Immediate Capital Risk

Recent improvements (roof and HVAC – 2024) reduce near-term capital expenditures, allowing for a more predictable hold period.

Small-Bay Asset with Scarcity Value

Limited supply of similar properties in the area supports both tenant demand and long-term land appreciation.

Owner-User or Developer Exit Optionality

Investors may:

• Stabilize and sell
• Occupy part of the building
• Redevelop the site as land values increase