4900 University DrDavie, FL 33328

Property Details for 4900 University Dr

Year built

2008

Construction

CONCRETE

Lot size

3.41 AC

Property size (Sq ft)

56,128 SF

Zone code

B-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

50-41-33-40-0010

APU

504133400010

Description

This exceptional retail space, located at 4900 S University Dr Unit 106 in Davie, Florida, presents a fantastic opportunity for businesses seeking a prime location. Boasting a generous 3.41-acre lot, this property offers ample space for various retail ventures. The unit is currently available for lease at a monthly rate of $5200. The space is described as "center space- ready to move in," indicating immediate occupancy is possible, eliminating the need for extensive renovations or build-outs. This translates to significant cost savings and allows businesses to focus on operations rather than construction. The property's location on South University Drive in Davie offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The expansive lot size provides ample parking and potential for future expansion or outdoor amenities, depending on the tenant's needs. This turnkey retail space is ideal for a variety of businesses seeking a strategic location in a thriving area. The property's "ready to move in" condition makes it an attractive option for businesses looking for a quick and efficient start-up process. Serious inquiries are encouraged to explore this exceptional retail opportunity further. The asking lease price reflects the prime location and immediate occupancy potential. Don't miss this chance to establish your business in a highly visible and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $27,296,618

  6.5%

  $25,196,878

  7%

  $23,397,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,701,068

  Geo Method

  $25,701,068

• Alternative Use

  Use

  Valuation

  Residential

  $25,196,878

  Hospitality

  $23,080,204

  Educational

  $19,202,460

  Medical

  $19,862,862

  Retail

  $29,870,492

Location Insight

City

Davie

County

Broward

State

Florida

Latitude

26.0608

Longitude

-80.2514

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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