2200 University DrSunrise, FL 33322

Property Details for 2200 University Dr

Year built

1975

Construction

CONCRETE

Lot size

0.44 AC

Property size (Sq ft)

7,158 SF

Zone code

B-3

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

49-41-28-04-1184

APU

494128041184

Description

This exceptional 7,000-square-foot mixed-use property, located at 2200 N University Drive in Sunrise, Florida (zip code 33322), presents a compelling investment opportunity. The building, constructed in 1974 and extensively renovated in 2022, boasts a Class C designation and is currently vacant, offering significant potential for customization. The property features two units and is zoned B3, allowing for a variety of uses. The existing layout includes approximately 4,500 square feet of office/retail space with high-quality tenant improvements, ready for immediate occupancy, and a 2,500-square-foot warehouse component with two loading docks. The high ceilings, measuring 12.5 feet, add to the versatility of the space. The entire 7,000 square feet could be converted into warehouse space if desired. This prime location on University Drive benefits from exceptional visibility and high daily traffic exceeding 20,000 vehicles. The asking price for the entire property is $2,700,000. This presents a rare chance to acquire a well-located, adaptable property with significant upside potential in a thriving Florida market. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $2,638,841

  6.5%

  $2,435,853

  7%

  $2,261,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,277,655

  Geo Method

  $3,277,655

• Alternative Use

  Use

  Valuation

  Residential

  $2,435,853

  Hospitality

  $2,231,228

  Educational

  $1,856,356

  Medical

  $1,920,199

  Retail

  $2,887,664

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1515

Longitude

-80.2567

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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