10 StHallandale Beach, FL 33009

Property Details for 10 St

Year built

1999

Lot size

0.42 AC

Zone code

CENTRAL RAC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

51-42-22-13-1200

APU

514222131200

Description

This exceptional $350,000 lot presents a unique development opportunity in the desirable Hallandale Beach, Florida area. Located at 10 NW St, in Broward County, zip code 33009 (latitude 25.9823108, longitude -80.1484407), this special purpose property is situated in a thriving residential neighborhood. The lot's size is not specified, but its prime location makes it ideal for constructing a duplex or fourplex. This is a rare find, as the listing highlights it as one of the few available lots in Hallandale Beach, making it a highly sought-after investment. The property is ready for immediate development, offering significant potential for building new residential units. Given the strong demand for housing in this area, this lot represents a compelling opportunity for investors and developers seeking a high-return project. The property is zoned for residential use, allowing for the construction of multi-family dwellings. Further due diligence is recommended to confirm zoning regulations and building codes. This is a chance to capitalize on the growing real estate market in Hallandale Beach. Act quickly, as opportunities like this are scarce.

• CAP approach

  CAP return

  Valuation

  6%

  $9,606,463

  6.5%

  $8,867,504

  7%

  $8,234,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,741,484

  Geo Method

  $19,741,484

• Alternative Use

  Use

  Valuation

  Residential

  $7,480,072

  Hospitality

  $6,851,705

  Educational

  $5,700,538

  Medical

  $5,896,588

  Retail

  $8,867,504

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9956

Longitude

-80.1415

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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