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About This Property
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.
Property Features
County
Broward County
Section
21
Area
42425
Subdivision
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
CBS Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
129809
Has Waterfront
Yes
Parking Description
Free Parking, Guest
View
Has Garage
No
Roof/Attic
Tile Roof
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Income/MultiFamily
Tax Year
NA
Year Built
1973
Tax Amount
$154053
APN
NA
Square Feet Source
NA
