LAND Development Opportunity

MOTIVATED SELLER| QUICK CLOSING! This 1.135 acre land/development site is available for sale! Recently plans were redesigned for the Live Local Act designation, this project would consist of approximately a 65,000 +/- SQFT building area. Specifically, there would be a total of 84 units (33 at affordable housing rate, 51 at market rate), and 50% of the first floor would be commercial usage. The project offers 140 parking spaces (14 at surface level and 126 with state-of-the-art automated vehicle storage system). The total project cost including the listed price acquisition of the land, is estimated to range between $13.5 million and $14.5 million, depending on the final scope while the final estimated value at exit ranges around $21 million with a holding period of 3-5 years. Major employers located within the area include BB&T, Lowe's, Regions Bank, Walgreens, Citrix, Microsoft, and more. Healthcare facilities located within a 10-mile radius include Holy Cross Hospital, Broward Health Medical Center, Broward Health Imperial Point, and more.