Strategic RAC-UV Redevelopment Opportunity Ne

720 NE 3rd Avenue, also known as Magnolia 720, presents a rare opportunity to acquire a boutique office / mixed-use asset in Fort Lauderdale’s active urban core. The property consists of a ±1,529 SF single-story concrete block and stucco building situated on a ±6,250 SF RAC-UV zoned lot with 50 linear feet of frontage on NE 3rd Avenue.

The building is divided into five discrete spaces, including four private offices/treatment rooms and one large communal or conference room. The property features a distinctive courtyard-style layout with a central fountain, creating an inviting environment for professional, medical, wellness, creative office, or owner-user occupancy.

Recent improvements include a new roof completed in 2024 and a new air conditioning unit installed on the north side of the building. The property is well-maintained and offers six on-site parking spaces. Zoned RAC-UV, the site provides flexible long-term optionality for repositioning, adaptive reuse, expansion, or future redevelopment.

This offering is well-suited for investors, owner-users, boutique professional firms, wellness operators, developers, and long-term holders seeking a strategic urban infill position near Downtown Fort Lauderdale, Flagler Village, and Las Olas.