5810 University DrDavie, FL 33328

  • Retail properties
  • 60,700 SF
For Sale
$195,000 View listing

Property Details for 5810 University Dr

Year built
2006
Construction
CONCRETE
Lot size
8.04 AC
Property size (Sq ft)
60,700 SF
Zone code
UC
Property type
Retail properties
Property subtype
Community centers
APN
50-41-33-31-0020
APU
504133310020

Description

This thriving restaurant, located at 5810 S University Dr #110 in Davie, Florida (33328), is offered for sale at $195,000. Built in 2006, this turnkey operation boasts a prime location in the heart of Davie, placing it within easy reach of Miami and South Florida's vibrant culinary scene. The restaurant enjoys an established reputation and a loyal customer base, making it an attractive investment for experienced restaurateurs. The fully equipped kitchen features two new earthstone ovens, ideal for pizza preparation. The stylish décor complements the overall ambiance. This presents a significant opportunity for those seeking to own a successful restaurant business in a high-traffic area. The property is categorized as retail, specifically a restaurant, and offers potential for continued growth and profitability. Financing options may be available. This is a remarkable opportunity for individuals seeking to establish themselves in the South Florida food industry. The property's strong existing reputation and prime location make it a compelling investment prospect.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $34,995,612
    6.5%
    $32,303,644
    7%
    $29,996,240
  • Comparable approach

    Method
    Valuation
    Relative Method
    $45,188,624
    Geo Method
    $45,188,624
  • Alternative Use

    Use
    Valuation
    Residential
    $27,249,332
    Hospitality
    $24,960,242
    Educational
    $20,766,628
    Medical
    $21,480,824
    Retail
    $32,303,644
5810 University Dr, Davie, Florida

Location Insight

City
Davie
County
Broward
State
Florida
Latitude
26.0468
Longitude
-80.2484
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$373,988
$5,251,640
$12,156,880
$17,408,520
-
$5,251,640
$12,156,880
$17,408,520

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