5540 64Th AveDavie, FL 33314

Property Details for 5540 64Th Ave

Year built

1954

Construction

CONCRETE

Lot size

1.59 AC

Property size (Sq ft)

3,445 SF

Zone code

CF

Property type

Hospitals

APN

50-41-35-02-0390

APU

504135020390

Description

This exceptional commercial property, located at 5540 SW 64th Ave in Davie, Florida, presents a unique investment opportunity. The 4,000 square foot building sits on a substantial 1.59-acre lot, zoned CF (Community Facility), offering remarkable flexibility for a variety of uses. Its prime location near the burgeoning Downtown Davie and Nova University areas provides excellent access to a thriving community and a strong potential for future growth. The property's proximity to major transportation arteries, including the Turnpike, Highway 441, and I-95, ensures convenient connectivity throughout South Florida. The existing structure could be utilized for continued commercial operations, potentially repurposed for a single-family residence, or the lot could be subdivided to create a smaller-scale residential development. This presents a rare chance to acquire a significant parcel of land in a rapidly developing area, allowing for diverse development options to suit a wide range of investment strategies. The property's size and zoning provide a substantial foundation for future success in a highly desirable location. This is a truly exceptional opportunity for investors seeking a versatile and strategically located property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,240,147

  6.5%

  $1,144,751

  7%

  $1,062,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,608,494

  Geo Method

  $1,608,494

• Alternative Use

  Use

  Valuation

  Residential

  $1,452,165

  Hospitality

  $1,330,175

  Educational

  $1,106,690

  Medical

  $1,144,751

  Retail

  $1,721,518

Location Insight

City

Davie

County

Broward

State

Florida

Latitude

26.0519

Longitude

-80.2313

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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