432 SE 20th St, Fort Lauderdale, FL 33316

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Building Details:

• Year Built: 1978

Croissant Park Apartments is an incredibly well located Multifamily opportunity along the US1 Corridor. Located in Fort Lauderdale just south of World Famous Las Olas Blvd and burgeoning River Walk area. Affectionately called the "Venice of America", Fort Lauderdale is home to 165 miles of inland waterways in the city. There simply isn't a greater collection of million dollar yachts in the world!

The City of Fort Lauderdale is currently one of the most highly desired MSA's in the entire country. There are massive development projects underway and in planning. "Where the Boys Are" featured a beach destination with few rivals for its day. Fort Lauderdale has not lost that beachside charm but rather is on a growth path as the premier "Live, Work, Play" destination for business professionals who seek robust financial opportunities and high quality of life.

This forward thinking city recently made news for giving Elon Musk's boring company the contract to construct the underground Las Olas Loop. The City of Fort Lauderdale features massive redevelopment including Riverwalk, Flagler Village, Fat City, Historic Sistrunk, Progresso Village, Downtown and more. Just a few blocks to the north of Croissant Park Apartments is a recently finished mixed use development that includes apartments, retail and a much anticipated Whole Foods Market. Jared Kushner was recently approved for a 4 tour development featuring 1,300 apartments and a mix of other uses in the historic Riverfront Community. That barely scratches the surface of how Fort Lauderdale is being reshaped as a city of the future.

Fort Lauderdale features some of the worlds premier boating events including the Fort Lauderdale International Boat Show, widely accepted as the largest boat show in the world. The Fort Lauderdale-Hollywood International Airport is a 5 minute ride to the south of Croissant Park Apartments. Port Everglades which generates more than $29 Billion worth of business annually directly impacts 11,000 jobs. There are various maritime industries including ship building, repairs, parts manufacturing, and retail outlets that will provide quality jobs for the residents of Croissant Park Apartments for generations to come. There are various corporate headquarters within a short drive of the asset being AutoNation, American Express, Marriott International, SEACOR Holdings, Spirit Airlines, Chewy.com, Citrix, to name a few.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
Croissant Park Apartments is a 12 unit Multifamily opportunity in beautiful Fort Lauderdale, Florida. Well located and featuring convenient access to Downtown Fort Lauderdale, Fort Lauderdale Beach, and the Fort Lauderdale-Hollywood International Airport. This opportunity is positively impacted by the incredible rate of city wide transformation that is taking place as Fort Lauderdale becomes a world class city. Rents in Fort Lauderdale are in many cases higher than even Miami. Demand for multifamily units like this provide an incredibly high floor for residential income real estate. This US1 corridor property features hurricane impact windows throughout, on-site laundry, central air conditioning, tile floors, well service for irrigation and much more. The unit mix includes multiple two bedroom units and the rest are nicely designed one bedroom units with concrete block walls separating the units. Croissant Park Apartments has seen multiple uses over the years including residential multifamily as it is now but also crew housing operations. The zoning allows for short term rentals in the area. Max density is 25 units per acre and a maximum building height of 55 feet or 5 stories. Parcel directly east with US1 frontage has allowances of 50 units per acre and 150 feet of vertical development. The Croissant Park Apartments property has seen significant updating during the current ownership cycle including mostly all new granite kitchens and tile flooring. Most central air conditioning units have been replaced providing additional efficiencies for tenants. The units are very clean and a better system of advertisement of vacant units will more than achieve our market rent estimations.  « show less Croissant Park Apartments is a 12 unit Multifamily opportunity in beautiful Fort Lauderdale, Florida. Well located and featuring convenient access...  show more » View Details Croissant Park Apartments is a 12 unit Multifamily opportunity in beautiful Fort Lauderdale, Florida. Well located and featuring convenient access to Downtown Fort Lauderdale, Fort Lauderdale Beach, and the Fort Lauderdale-Hollywood International Airport. This opportunity is positively impacted by the incredible rate of city wide transformation that is taking place as Fort Lauderdale becomes a world class city. Rents in Fort Lauderdale are in many cases higher than even Miami. Demand for multifamily units like this provide an incredibly high floor for residential income real estate. This US1 corridor property features hurricane impact windows throughout, on-site laundry, central air conditioning, tile floors, well service for irrigation and much more. The unit mix includes multiple two bedroom units and the rest are nicely designed one bedroom units with concrete block walls separating the units. Croissant Park Apartments has seen multiple uses over the years including residential multifamily as it is now but also crew housing operations. The zoning allows for short term rentals in the area. Max density is 25 units per acre and a maximum building height of 55 feet or 5 stories. Parcel directly east with US1 frontage has allowances of 50 units per acre and 150 feet of vertical development. The Croissant Park Apartments property has seen significant updating during the current ownership cycle including mostly all new granite kitchens and tile flooring. Most central air conditioning units have been replaced providing additional efficiencies for tenants. The units are very clean and a better system of advertisement of vacant units will more than achieve our market rent estimations. Pricing: Negotiable Availability: Now Listing ID: 3162249 Save to list