The property is slated for redevelopment into a 5,000-square-foot office building
FORT LAUDERDALE, Fla. – Senior Vice President Steve Hyatt of Berger Commercial Realty recently represented Martha Hutchinson in the $682,813 sale of a 14,375-square-foot land parcel with commercial and residential zoning. The property was purchased by 1311 S.E. 3, LLC.
Located at 1311 S.E. 3rd Ave. within approximately 100 yards of Broward Health Medical Center in Fort Lauderdale, the property consists of a 1,842-square-foot single family home situated on .33 acres of land. It was used as a residence for the past 50 years.
“The buyer liked the property due to its proximity to 17th Street Causeway and US-1 within southeast Fort Lauderdale,” Hyatt said. “With 115 feet of frontage along S.E. 3rd Avenue, this lot is an excellent redevelopment opportunity. The buyer intends to construct a 5,000-square-foot office building to own and occupy.”
Over the past two years, Berger Commercial Realty has brokered nearly $50 million in property transactions along the 17th Street Causeway corridor, including Insite Development’s recent $7.8 million purchase of a 32,000-square-foot office building at 910 S.E. 17th Street and Alliance Residential Company’s $22.1 million purchase of the former Ocean World marine park, which is being developed into Broadstone Harbor Beach, a 394-unit luxury apartment building. Hyatt represented Insite and Alliance in both transactions.