301 84Th AvePlantation, FL 33324

Property Details for 301 84Th Ave

Year built

1991

Construction

CONCRETE

Lot size

2.57 AC

Property size (Sq ft)

33,894 SF

Zone code

M-PM

Property type

Office properties

Property subtype

Office buildings

APN

50-41-04-08-0030

APU

504104080030

Description

This exceptional 30,000 square foot Class B medical office building, constructed in 1992, presents a compelling investment opportunity. Ideally situated in the Plantation Professional Plaza, directly across from Westside Regional Hospital's emergency room, near the intersection of University Drive and Pine Island Road, this single-tenant property enjoys unparalleled visibility and accessibility. The building features three large elevators, convenient front and rear entrances, and a comprehensive fire sprinkler system, ensuring both safety and efficiency. Ample parking is provided with 180 spaces, including 30 covered spaces, resulting in a generous parking ratio of 6 spaces per 1,000 square feet. Each of the turnkey medical offices benefits from a full-service operation, with electricity and janitorial services included in all leases, minimizing operational overhead for tenants. The property's strategic location offers easy access to a substantial patient base and is conveniently located approximately 10 miles from Fort Lauderdale Hollywood International Airport. The property is zoned SPI-3, Commercial, Special Public Interest, reflecting its suitability for a variety of medical and related professional uses. This turnkey operation presents a rare opportunity to acquire a well-maintained, high-demand medical office building in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,076,800

  6.5%

  $9,301,662

  7%

  $8,637,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,012,965

  Geo Method

  $10,012,965

• Alternative Use

  Use

  Valuation

  Residential

  $11,534,060

  Hospitality

  $10,565,137

  Educational

  $8,790,070

  Medical

  $9,092,374

  Retail

  $13,673,443

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1251

Longitude

-80.2616

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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