3100 University DrTamarac, FL 33319

  • Commercial land
  • 9,765 SF
For Sale
$5,750,000 View listing

Property Details for 3100 University Dr

Year built
1972
Construction
CONCRETE
Lot size
1.73 AC
Property size (Sq ft)
9,765 SF
Zone code
B-3
Property type
Commercial land
APN
49-41-21-03-0031
APU
494121030031

Description

This exceptional 3.2-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Sunrise, Florida. Located at 3100 N University Drive, this property boasts a highly desirable B-3 zoning classification, opening doors to a wide array of potential uses. These include, but are not limited to, retail establishments, fast-food restaurants, grocery stores, building supply centers, office spaces, automotive businesses, and multi-family residential developments. The site offers significant visibility and accessibility, with approximately 360 feet of frontage on University Drive and a depth of approximately 420 feet. The property benefits from a high traffic count, averaging 55,500 vehicles daily, further enhancing its commercial viability. A median cut for southbound traffic provides convenient access. The asking price is $5,750,000, translating to $1,796,875 per acre, reflecting the exceptional value and potential of this strategically located land. This is an unparalleled chance to acquire a prime commercial property in a rapidly growing area of Broward County, Florida, with the potential for substantial returns on investment. The property is situated in Sunrise, Florida, with a zip code of 33319.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,323,010
    Hospitality
    $3,043,859
    Educational
    $2,532,455
    Medical
    $2,619,550
    Retail
    $3,939,375

Location Insight

City
Sunrise
County
Broward
State
Florida
Latitude
26.1651
Longitude
-80.2561
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
$31,446
$1,510,100
-
$1,510,100
-
$1,510,100
-
$1,510,100

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