2698 University DrSunrise, FL 33322

Property Details for 2698 University Dr

Year built

1976

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

4,131 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

49-41-28-11-0902

APU

494128110902

Description

This exceptional free-standing retail building, located at 2698 N University Drive in Sunrise, Florida, 33322, offers 4,131 square feet of prime retail space. Situated in a high-density corridor with excellent demographics, this single-tenant property boasts tremendous visibility and accessibility. The building benefits from a brand-new roof, fresh exterior paint, and updated landscaping, ensuring a well-maintained and attractive presentation. The property enjoys a prominent location on University Drive, a major thoroughfare with a daily traffic count of 55,500 vehicles. This high traffic volume ensures significant exposure for any business occupying the space. The surrounding area is anchored by national retailers such as Home Depot, Lowe's, and Pet Supermarket, creating a strong retail environment and attracting a substantial customer base. The property is conveniently located within a 3-mile radius of over 200,000 residents, providing a large potential customer pool. The base rent is $32.00 per square foot, with $10.19 in NNN expenses. This presents a compelling investment opportunity for discerning buyers seeking a well-located, updated retail property in a thriving market. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,805,396

  6.5%

  $1,666,519

  7%

  $1,547,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,075,358

  Geo Method

  $3,075,358

• Alternative Use

  Use

  Valuation

  Residential

  $1,405,771

  Hospitality

  $1,287,679

  Educational

  $1,071,334

  Medical

  $1,108,178

  Retail

  $1,666,519

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1583

Longitude

-80.2568

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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