1405 10Th StDania Beach, FL 33004

Property Details for 1405 10Th St

Year built

1964

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

1,558 SF

Zone code

RS-6000

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

50-42-33-23-0020

APU

504233230020

Description

This exceptional Dania Beach investment property presents a unique redevelopment opportunity. Situated on a 15,000 sq ft lot, the property includes two buildings, each one story, totaling two units. Built in 1974, the existing structures offer 7 bedrooms and 5 bathrooms, previously operating as a convalescent home. The property boasts 150 feet of waterfront access with ocean access via a single fixed bridge, and a large parking area. Commercial kitchen equipment is included. The property is zoned RES-Commercial, allowing for diverse development options. Located in Maleleuca, a convenient area near Fort Lauderdale/Hollywood International Airport (5 minutes away), beaches, shops, and restaurants, this location offers high potential. The seller is open to owner financing and joint venture opportunities. Consider this prime location for upscale residential development, a pilot/crush pad, boat crew housing, or a therapeutic office. This 1031 exchange eligible property is priced at $1,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $544,862

  6.5%

  $502,950

  7%

  $467,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $768,424

  Geo Method

  $768,424

• Alternative Use

  Use

  Valuation

  Residential

  $638,013

  Hospitality

  $584,417

  Educational

  $486,228

  Medical

  $502,950

  Retail

  $756,354

Location Insight

City

Dania Beach

County

Broward

State

Florida

Latitude

26.0628

Longitude

-80.1557

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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