Beaumont & Keith Fee-Simple Land Lease Opportunity | Ft. Lauderdale, FL
Combined Asking Price: $1,075,000
Offering Summary
Property Stats
- Beaumont Property Address 3912 NE 22nd Ave, Fort Lauderdale FL
- Keith Property Address 1524 SE 2nd St, Fort Lauderdale FL
- Neighborhood Coral Ridge Country Club
- Neighborhood Colee Hammock
- Land Area (AC) 0.54
- Land Area (AC) 0.20
- Land Area (SF) 23,500
- Land Area (SF) 8,860
- Zoning RMM-25
- Zoning RM-15
- Ground Lease Expiration 2059 (34 years)
- Ground Lease Expiration 2059 (34 years)
- Current Use Multifamily – Cooperative
- Current Use Multifamily – Cooperative
- # of Units 17 units (600 SF each)
- # of Units 8 units (500 SF each)
Executive Summary
Avison Young is pleased to present the opportunity to acquire fee-simple ownership of two parcels with in-place ground-leases located in two of Fort Lauderdale’s most desirable residential pockets (collectively, “the Properties”). Both parcels, situated in the prestigious Coral Ridge Country Club and Colee Hammock neighborhoods, are currently encumbered by two-story cooperative-owned condominiums which upon lease expiration in 2059 revert to the lessor along with the underlying land.
This unique structure offers investors a foothold in a high-demand market, with the properties benefiting from their proximity to iconic attractions like Fort Lauderdale Beach and Las Olas Boulevard, as well as economic drivers such as Port Everglades. The opportunity presents a rare hold-to-reversion strategy encompassing substantial land appreciation, income generation, passive management, and future land control in two of South Florida’s most established neighborhoods.
