3331 Coral Hills Dr , for Sale

3331 Coral Hills Dr for Sale

Price $8,995,000.00

• Lot size 129809
• Year Build 1973
• Waterfront Canal Front
• Zip 33065
• Style
• Parking Description Free Parking, Guest
• Pool Yes
• Status Pending

Description

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.

Please do not visit the property without contacting the listing agent and making an appointment. Current financials or Offer Memorandum available upon request.

FLA FRUIT LANDS CO SUB NO 2 1-102 PB 21-48-41 TR 1 S 180 OF N 418,LESS W 30 & LESS E 1035

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.

City:Coral Springs,Zoning:DT-MU,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.2714852,List Price:8995000,Listing Id:A11736676,Longitude:-80.2535653,Mls Status:Pending,Year Built:1973,Inclusions:Building & Land,Postal Code:33065,Street Name:Coral Hills Dr,Coordinates:1:26.2714852,Photos Count:22,Building Name:Coral Hills,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3626,On Market Date:2025-02-01,Other Expense:383734,Parcel Number:484121010112,Property Type:Commercial Sale,Stories Total:1,Street Number:3331,Waterfront Y N:1,Public Remarks: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.,County Or Parish:Broward County,List Office Name:iMarket Realty,Private Remarks:Please do not visit the property without contacting the listing agent and making an appointment. Current financials or Offer Memorandum available upon request.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Guest,Postal Code Plus4:4135,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:154053,Unparsed Address:3331 Coral Hills Dr, Coral Springs FL 33065,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:42425,Building Area Units:Square Feet,Lot Size Square Feet:129809,Number Of Buildings:5,Original List Price:8995000,Public Survey Range:48,I D X Participation Y N:1,Net Operating Income:457565,Syndication Remarks: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.,Listing Contract Date:2025-02-01,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,Street Number Numeric:3331,Tax Legal Description:FLA FRUIT LANDS CO SUB NO 2 1-102 PB 21-48-41 TR 1 S 180 OF N 418,LESS W 30 & LESS E 1035,Gross Scheduled Income:841299,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase and develop 3 ACRES in the middle of Coral Springs' Downtown District.,Contract Status Change Date:2025-02-01,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Attribution Contact:954-818-3602,Internet Entire Listing Display Y N:1,