2692 University DrSunrise, FL 33322

Property Details for 2692 University Dr

Year built

1976

Construction

CONCRETE

Lot size

0.74 AC

Property size (Sq ft)

11,707 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

49-41-28-11-0900

APU

494128110900

Description

Sunrise Lakes Plaza, located at 2692 N University Dr in Sunrise, Florida (33322), presents a compelling investment opportunity. This 11,707 square foot Class C retail strip center, built in 1976, sits on a 0.75-acre lot and offers ample parking with 36 spaces. Currently featuring multiple tenancies, one 900 square foot retail space is immediately available, making it ideal for expansion or a new business venture. The property's location in Broward County provides excellent visibility and accessibility, benefiting from high traffic counts on N University Drive. The center's existing infrastructure provides a solid foundation for a variety of retail uses. The property's age presents an opportunity for renovation and modernization to enhance its appeal and increase its market value. This is a chance to acquire a well-situated retail property in a thriving Florida market. The property's size and existing infrastructure offer flexibility for a range of retail businesses. The available space provides an immediate opportunity for occupancy, minimizing vacancy periods and maximizing return on investment. Serious inquiries are encouraged to explore this promising retail investment. The property's location in a busy commercial area ensures high visibility and foot traffic, contributing to a strong potential for business success.

• CAP approach

  CAP return

  Valuation

  6%

  $5,116,380

  6.5%

  $4,722,812

  7%

  $4,385,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,715,374

  Geo Method

  $8,715,374

• Alternative Use

  Use

  Valuation

  Residential

  $3,983,869

  Hospitality

  $3,649,202

  Educational

  $3,036,094

  Medical

  $3,140,510

  Retail

  $4,722,812

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1572

Longitude

-80.2568

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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