5401 University DrLauderhill, FL 33351

Property Details for 5401 University Dr

Year built

1980

Construction

CONCRETE

Lot size

4.76 AC

Property size (Sq ft)

4,992 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

49-41-16-03-0010

APU

494116030010

Description

Universal Plaza, a 49,506 square foot retail center in Lauderhill, Florida, offers exceptional leasing opportunities. Strategically located on the southwest corner of University Drive and Commercial Boulevard, this property boasts excellent visibility and accessibility. The center features a strong tenant mix, including established businesses such as Starbucks, Chipotle, Tropical Smoothie, and CVS, ensuring a vibrant and high-traffic environment. Two spaces are currently available, with a minimum divisible space of 1,950 square feet and a maximum contiguous space of 5,580 square feet; a total of 10,030 square feet is currently vacant. The property benefits from ample parking and is conveniently situated between the Florida Turnpike and Sawgrass Expressway, providing easy access for customers and employees. High traffic counts of 61,000 AADT on University Drive and 32,000 AADT on Commercial Boulevard further underscore the prime location and significant potential for business growth. This is an ideal opportunity for retailers seeking a high-visibility location within a thriving commercial area in Broward County. The property is classified as a multi-tenant retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,181,684

  6.5%

  $2,013,862

  7%

  $1,870,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,716,336

  Geo Method

  $3,716,336

• Alternative Use

  Use

  Valuation

  Residential

  $1,698,768

  Hospitality

  $1,556,062

  Educational

  $1,294,625

  Medical

  $1,339,150

  Retail

  $2,013,862

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1923

Longitude

-80.2531

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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