Exceptional corner development site located in one of Fort Lauderdale’s fastest-growing corridors. This 20,250 square foot parcel, comprised of three assembled lots, sits prominently at NW 7th Terrace and NW 5th Street, just steps from Sistrunk Marketplace and surrounded by significant new construction and revitalization. Zoned RMM25, the property offers the potential to develop up to 10 townhomes. The lot previously received City approval for a church, reflecting strong development viability. A current survey is available, and extensive testing has already been completed, providing added value and reduced upfront work for the next developer. Uses Commonly Built in RMM-25 In practice, this zoning has been used for: • Townhome developments (e. g. , mid-rise townhome complexes) • Small/medium multifamily buildings (typically up to ~25 units/acre density) ? • Mixed residential configurations with some higher-density units Position yourself ahead of the curve and capitalize on Fort Lauderdale’s continued growth before pricing accelerates further.
Vacant landProperty Type
0.46 acresLot Size
$2,663,043Price/Acres
Listed by Herby Honore• Lifestyle International Realty
•754-281-2886 (agent)
•honoreherby@gmail.com (agent)
•305-809-8085 (broker)
•info@lifestyleintrealty.com (broker)
Listed by Amilia Honore• Lifestyle International Realty
Dorsey-Riverbend, located between Sistrunk Boulevard and the North Fork of the New River, is a historic and river-adjacent Fort Lauderdale neighborhood with modest mid-century homes and leafy streets. The neighborhood’s character concentrates around the Sistrunk Blvd corridor near NW 9th Ave, where murals, small storefronts, and community institutions set an energetic street rhythm. Housing leans toward single-story ranches and older Florida bungalows, with pockets of newer infill. River edges and canals shape the geography, giving many blocks a tucked-away feel behind shade trees. Cultural anchors nearby include the African-American Research Library and Cultural Center, the Broward Center for the Performing Arts, and the Historic Ward Rooming House. Daily life orbits local parks, neighborhood churches, and the downtown arts district just east of the river.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Currently zoned and used for commercial purposes
Unimproved lot
Exterior features
Lot dimensions approximately 100 x 202 feet
Lot area about 0.465 acres (20,250 sq ft)
Less than one acre
Publicly maintained road access
Zoning: RMM-25
Two lots
Home design
Property type: Commercial/unimproved land
Utilities
Sewer not available
Financial info
Annual taxes listed ($383 for 2025)
Electricity and solar
View estimated energy costs and solar savings for this home
Residential Multifamily Mid Rise/Medium High Density District
RMM-25 district is intended for mid-rise multifamily residences and tourist accommodations. The RMM-25 district has a maximum density of 25 dwelling units per net acre and a maximum density of 30 hotel/motel or nursing home rooms per net acre, which is consistent with the residential medium high category of the citys comprehensive plan. Parcels so designated shall serve as a transition from medium high density multifamily housing and hotel development to single family and midrise multifamily residential neighborhoods and shall be located in proximity to arterial or collector streets or adjacent or near to commercial shopping and office facilities or services.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Mixed use development
Park & open space
Feb 5, 2025 • Final
Plumbing
Plumbing
Dec 3, 2024 • Active
Row miscellaneous
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Fort Lauderdale, FL • 33311
Average low and high temperatures (°F)
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66
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Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Fort Lauderdale. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 501 NW 7th Ter
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $393,393 and $925,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $393K to $925K.