Home » Properties » 114 NW 5th Street, Fort Lauderdale FL 33301

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Prime Commercial Land at 114 NW 5th Street, Fort Lauderdale

Two adjoining commercial parcels in Fort Lauderdale’s Fat Village, ideal for mixed-use or multifamily development near Brightline Station.

$6,000,000

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MLS #F10506416

Listing Updated: 2026-07-14 18:43:07

Listed By: One Sotheby's International Re

Overview

Located in the heart of Downtown Fort Lauderdale’s Fat Village, this unique commercial offering includes two adjoining parcels positioned in an Opportunity Zone. The property is a short five-minute walk from the Brightline Station, providing excellent connectivity. Zoned for up to 30 stories with no setbacks, it offers significant development potential for mixed-use or multifamily projects. The sale also includes an additional parcel at 430 NW Flagler Ave, expanding the total land area to approximately 0.37 acres. This site benefits from the Live Local Act and HubZone designation, making it a strategic choice for developers looking to capitalize on the area’s ongoing redevelopment momentum.

Property Highlights

Two adjoining commercial parcels in Fat Village; Opportunity Zone location; 5-minute walk to Brightline Station; Zoned for up to 30 stories; Includes parcel at 430 NW Flagler Ave; Approximately 0.37 acres; No setbacks; Eligible for Live Local Act benefits; HubZone designated.

Property Details

City: Fort Lauderdale

State: FL

Zip Code: 33301

Address: 114 NW 5th Street, Fort Lauderdale FL 33301

Year Built: 1959

Property Type: Commercial Sale

Property Sub Type: Commercial

Listing Office Name: One Sotheby's International Re

County: Broward County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $21,533

Days On Market: 372 Days

Original Listing Description

2 ADJOINING PROPERTITIES DRASTICALLY REDUCED Be part of Downtown Fort Lauderdale's hottest redevelopment area, Fat Village. Located between W Sunrise Blvd and W Broward Blvd in an OPPORTUNITY ZONE and just a 5-minute walk to Fort Lauderdale's Brightline Station, this parcel is an ideal opportunity for mixed use or multifamily development. SALE ALSO INCLUDES PARCEL 430 NW FLAGER AVE Build up to 30 stories per zoning dept. of Ft. Lauderdale. No setbacks. Take advantage of the Live Local Act. **2 additional parcels available .37 acresProperty is in HubZone. Land survey in supplements

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

114 NW 5th Street, Fort Lauderdale FL 33301

About This Neighborhood

Fat Village is a dynamic and rapidly redeveloping neighborhood in Downtown Fort Lauderdale known for its creative and mixed-use environment. Situated between W Sunrise Blvd and W Broward Blvd, it offers convenient access to major transportation hubs like the Brightline Station. The area is characterized by a blend of commercial, residential, and cultural spaces, attracting a diverse community of professionals and creatives. Its designation as an Opportunity Zone reflects ongoing investment and growth potential, making it a focal point for urban redevelopment in Fort Lauderdale.

Walkability & Lifestyle

Situated in Fat Village, this property benefits from a highly walkable urban environment. Residents and visitors can easily access a range of restaurants, shops, and entertainment venues within walking distance. The nearby Brightline Station enhances connectivity to other parts of South Florida. The area’s layout encourages pedestrian activity, with parks and waterfront spaces accessible for outdoor enjoyment. This walkability adds to the lifestyle appeal for future occupants of any development on the site.

Things To Do Nearby

Fat Village offers a vibrant mix of activities including art galleries, dining options, and cultural events. Its proximity to Downtown Fort Lauderdale’s waterfront areas provides opportunities for boating, beach visits, and outdoor recreation. The neighborhood’s creative atmosphere is complemented by local festivals and nightlife. Residents and visitors can enjoy a diverse range of experiences, from casual dining to waterfront leisure, making it a lively place to live and work.

Nearby Schools

Fort Lauderdale offers access to a variety of educational institutions within reasonable distance, providing convenience for families and residents in the area. While this property is primarily commercial, the surrounding neighborhoods include public and private schools that serve the community. The accessibility of schools complements the mixed-use potential of the site, supporting a balanced urban environment where residents and workers can benefit from nearby educational resources.

Why Buyers Like This Area

Buyers are attracted to this property for its prime location in a key redevelopment zone with flexible zoning allowing up to 30 stories. The proximity to Brightline Station and Downtown Fort Lauderdale’s amenities enhances its appeal for mixed-use and multifamily projects. The inclusion of multiple parcels and no setback restrictions provide development flexibility. The area’s growth potential and community vibe make it a desirable site for those seeking to participate in Fort Lauderdale’s urban transformation.

Investment Potential

This commercial property in Fort Lauderdale’s Fat Village offers a compelling opportunity for developers and investors interested in mixed-use or multifamily projects. Its location within an Opportunity Zone and HubZone adds potential tax incentives and development advantages. Proximity to the Brightline Station enhances accessibility and tenant appeal, supporting long-term usability. The zoning allows for building heights up to 30 stories without setbacks, providing flexibility for maximizing the site’s value. The inclusion of multiple parcels totaling approximately 0.37 acres further increases development possibilities in a rapidly evolving area.

Market Trends

The Fort Lauderdale commercial real estate market, particularly in Fat Village, is experiencing increased interest due to its strategic location and redevelopment initiatives. Demand for mixed-use and multifamily properties remains strong as the area evolves into a vibrant urban center. Inventory in this neighborhood is appealing to developers seeking to capitalize on zoning flexibility and proximity to transit options like Brightline. Market dynamics indicate sustained long-term interest driven by the neighborhood’s transformation and accessibility, positioning this property well within current trends.

Rental Income Potential

While this property is currently listed for sale as commercial land, its location and zoning make it attractive for future rental use in mixed-use or multifamily developments. The proximity to the Brightline Station and Downtown Fort Lauderdale amenities supports tenant demand. Seasonal and year-round rental interest is likely given the area’s urban appeal and connectivity. Investors considering development here may find favorable conditions for leasing residential or commercial spaces once built, though rental income will depend on the final project scope and market conditions.