119 NW 3rd St, Hallandale Beach, FL 33009

$599,000

• 1,467 sqft
• Built 1962

Exceptional investment and redevelopment opportunity in the heart of Hallandale Beach! The existing duplex features two separate units, each offering 2 bedrooms and 1 full bathroom. Both units are currently vacant and rent-ready, providing immediate rental income potential while an investor or developer explores future redevelopment opportunities. Situated on a 7,506 SF lot, the property offers significant future development potential in an area experiencing continued residential and commercial growth. According to public records, the property is located within the Central RAC (Regional Activity Center) zoning district with a Property Use Code of 08 – Multi-Family (Less Than 10 Units). Preliminary information suggests a base density of approximately three (3) residential units with potential for up to eight (8) units; however, all zoning, density, permitted uses, development rights, approvals, and building requirements must be independently verified by Buyer with the City of Hallandale Beach and applicable governmental agencies. Ideally located minutes from the beach, Gulfstream Park, Aventura Mall, shopping, dining, entertainment, Fort Lauderdale-Hollywood International Airport, Miami International Airport, and with convenient access to I-95. An excellent opportunity for an investor, builder, or developer to generate rental income today while positioning the property for potential future redevelopment.

Listing courtesy of Coldwell Banker Realty.