820 Foster RdHallandale Beach, FL 33009

Property Details for 820 Foster Rd

Year built

1962

Construction

WOOD FRAME

Lot size

0.33 AC

Property size (Sq ft)

609 SF

Zone code

WEST RAC

Property type

Retail properties

Property subtype

Retail space

APN

51-42-21-02-0250

APU

514221020250

Description

This exceptional Hallandale Beach property, located at 820 Foster Rd, 33009, presents a compelling redevelopment opportunity. Priced at $975,000, this special purpose property offers significant potential for a mixed-use development. Currently encompassing 17 units, the site is zoned for mixed-use development, allowing for a blend of retail and residential spaces. City approvals are in place for a project featuring retail space on the ground floor and 16 condominium units above. Detailed renderings are available to showcase the envisioned project. The property's prime location in Broward County, Florida, offers easy access to local amenities and transportation. This is an ideal investment for developers seeking a high-return project in a thriving South Florida market. The latitude and longitude coordinates are 25.993583, -80.1596864, respectively. This unique opportunity allows for the creation of a modern, mixed-use building that caters to the growing demand for both residential and commercial spaces in the area. The existing structure provides a solid foundation for a comprehensive renovation and expansion, maximizing the potential of this valuable site. Serious inquiries are encouraged to explore the full potential of this remarkable redevelopment project. Don't miss this chance to shape the future of Hallandale Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $320,286

  6.5%

  $295,648

  7%

  $274,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,194

  Geo Method

  $658,194

• Alternative Use

  Use

  Valuation

  Residential

  $249,390

  Hospitality

  $228,440

  Educational

  $190,060

  Medical

  $196,596

  Retail

  $295,648

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9936

Longitude

-80.1597

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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