1301 NE 16TH Terrace 1-9 Fort Lauderdale, FL $ 2,600,000
1301 NE 16TH Terrace 1-9
$ 2,600,000
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1301 NE 16TH Terrace 1-9

Fort Lauderdale, FL, 33304
$ 2,600,000
Bedrooms-- Baths-- Sq 2,806

Monthly Estimate*

$ 16,417

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Commercial Property for sale in Fort Lauderdale, FL

for $2,600,000. This 2,806 square foot building was built in 1949 on a lot size of 0.26.

Positioned in one of Fort Lauderdale's fastest-growing neighborhoods, 1301-1305 NE 16th Terrace presents an outstanding opportunity to acquire a well-located 9-unit multifamily property surrounded by significant new development and ongoing neighborhood revitalization. The property offers a desirable unit mix consisting of: 1- 2BD 1BA, 1- 2BD BA, 7- 1BD 1BA residences. Its prime location places residents just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, while providing quick access to I-95, US-1, shopping, dining, entertainment, and major employment centers. This highly connected location continues to attract strong rental demand from professionals, seasonal residents, and those seeking the South Florida lifestyle. The surrounding area is experiencing substantial investment, with numerous luxury residential and mixed-use developments transforming the neighborhood and supporting long-term appreciation potential. Investors will benefit from owning an income-producing asset in a market where continued redevelopment and limited housing supply continue to drive demand. Whether you're looking to expand your multifamily portfolio, execute a value-add strategy, or secure a long-term hold in one of South Florida's most dynamic growth corridors, 1301-1305 NE 16th Terrace offers an exceptional combination of location, unit mix, and future upside. Don't miss the opportunity to invest in a property positioned at the center of Fort Lauderdale's continued growth and redevelopment.

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Commercial Active

Price

$ 2,600,000

Property Type

Commercial

Taxes

$ 36,775

Style

Lot Size

0.26

Year Built

1949

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

B26052973

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Ceiling Fan(s)
Utilities Cable Available Electricity Available Sewer Available Water Available
Possession Close Of Escrow
Roof Shingle
Security Features Fire Alarm Smoke Detector(s)
Construction Materials Block
Year Built 1949
Electric Separate Meters
Tenant Pays Cable TV Electricity
Unit Number 1-9
Property Subtype Multi Family
Tax Year 2025
Business Type Other
Accessibility None
County Broward
New Construction false
Property Type Commercial Sale
Status Active
City Fort Lauderdale
Number Of Units Total 9
MLS Area 3380
Tax Annual Amount 36775.72
Property Condition Resale
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
Legal Description PROGRESSO 2-18 D LOT 11 12 LESS S 15 BLK 90
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Interior
Flooring Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Fencing Fenced Full
Parking Features Assigned On Street
Lot Features City Lot None 1/4 to 1/2 Acre Lot Sprinklers Automatic
Water Source Public Other
Total Parking 9
Lot Size Area 11473
Number of Buildings 2
Building Area Total 2806
Lot Size Acres 0.26
Road Surface Type Asphalt
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Marc L Coriaty

Listing Agent

Affordability Calculator

$19,481
Per Month
84%
16%
0%
Monthly Principal & Interest
$16,417
Monthly Property Taxes
$3,065
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$2,600,000 Listed Price

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1301 NE 16TH Terrace 1-9, Fort Lauderdale, FL, 33304 is a Commercial Property for sale at $2,600,000 with 2,806 sqft and a lot size of 0.26. 1301 NE 16TH Terrace 1-9 was built in 1949. The property's zip code is 33304 which is in Fort Lauderdale, FL