Pending
3331 Coral Hills Dr
Coral Springs FL, 33065
$8,995,000
$212.02 per sqft
Pending
42,425 sqft
Commercial
Built in 1973
ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs' Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village.
The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.
A11736676
MLSⓇ ID
February 1, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.98 Acres
Roof
Tile Roof
Other Property Details
Taxes
$154,053
Tax Frequency
Annually
Days on Market
13
Garage
No
Parking
Free Parking, Guest
View
No
County
Broward County
Pool
No
Waterfront
Yes
Waterfront Features
Canal Front
Zoning
DT-MU
Listing History
Date | Event | Price |
|---|---|---|
2/21/2025 | Pending | — |
Listed by: iMarket Realty
Listing Contact: 954-818-3602
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 6:41 PM UTC, 2/21/2025.