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- (305) 790-0199
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
N/A
ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs’ Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village. The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.
Features & Amenities
Interior
Area & Lot
-
Lot Features
Waterfront
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Guest
Financial
-
Sales Price
$8,995,000
-
Tax Amount
154053.0
-
Zoning
DT-MU
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Monico Aguiar , iMarket Realty
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Realtor
JarrodGaylis
Call Jarrod today to schedule a private showing.
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