Marcus & Millichap Arranges Sale Of Vacant Multifamily Property In Fort Lauderdale For $5.5M

Bahia Beach, a vacant 35-unit apartment property located at 3030 Harbor Drive in Fort Lauderdale, Florida, has been sold for $5.5 million. The property, with a total area of 17,167 square feet, offers an attractive opportunity for potential development due to its prime location near Fort Lauderdale Beach and zoning allowances.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Address: 3030 Harbor Drive
• Market: Fort Lauderdale
• Units: 35
• Price per unit (PPU): $157,143
• Total Square Footage: 17,167
• Price per square foot (PPSF): $320

Marcus & Millichap, represented by brokers Evan Kristol, Brandon Rex, Austin Michels, and David Altman, arranged the sale of Bahia Beach. With their expertise, they successfully facilitated the transaction, enabling the new owner to acquire this promising property.

The prime location of Bahia Beach near Fort Lauderdale Beach and its zoning allowances for potential development made it an attractive purchase for the new owner. This strategic investment offers a favorable opportunity for future growth and development in the vibrant Fort Lauderdale market.