NOT LISTED FOR SALE

Estimated Value: $482,000

22.03 Acres
$21,879 Price per Acre
959,627 Sq Ft Lot

Last Sold October 11, 2023

Last sale price $2,950,000 $9 Per Sq Ft

Current estimated payment $3,018/month

346 Days on Market

Highlights

  • Waterfront
  • 22.03 Acre Lot
  • Paved or Partially Paved Lot
  • Hawkes Bluff Elementary School Rated A-

About This Lot

As of October 2023

INCREDIBLE COMMERCIAL LAND DEVELOPMENT OPPORTUNITY TO OWN 22.03 ACRES IN DAVIE, FL. IT'S COMPRISED OF 3 CONTIGUOUS PARCELS ZONED B2. EXISTING BUILDINGS NOT INCLUDED IN SALE. LOCATED OFF I-75, THIS PROPERTY HAS AN AVG. OF 48,500 TRIPS/DAY ON SHERIDAN ST & 145,500 TRIPS/DAY ON I-75 (2021 FDOT AADT) AND HAS A DENSE POPULATION W/ OVER 240,000 IN A 5 MILE RADIUS. THE PROPERTY FEATURES EXCESS PARKING THAT WOULD ALLOW THE DEVELOPMENT OF AN ADDITIONAL 45,000 SQFT +/- OF SPACE. THE PROPERTY IS CURRENTLY THE PARKING OF EXISTING BUILDINGS -NOT PART OF THIS OFFERING- THAT INCLUDE CINEMARK THEATERS, ASHELY FURNITURE, OCEAN ONE BAR & GRILL AND A VACANT RESTAURANT. NOTABLE TENANTS IN PD INCLUDE STARBUCKS, LOWE'S, PUBLIX, MCDONALD'S, E

Last Agent to Sell the Property

Federico Rochwerger, PA

The Keyes Company Brokerage Phone: 561-866-9616 License #3014927 Listed on: 09/10/2022

The Keyes Company

Last Buyer's Agent

Angeline Earnest

Coldwell Banker Realty License #3525800

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 22.03 Acre Lot
  • Waterfront
  • East Facing Home
  • Paved or Partially Paved Lot
  • 3 Lots in the community
  • Site Plan Filed

Location

  • City Lot

Community Details

  • Property has a Home Owners Association
  • Britannia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514004110010

Property Details

Property Type

Land

Lot Details

22.03 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Directions: I-75 TO SHERIDAN ST, HEAD WEST AND MAKE A FIRST RIGHT
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: City Lot
  • Road Frontage Type: Easement, Freeway
  • Road Surface Type: Paved
  • Waterfront: Yes
  • Direction Faces: East

Utilities

  • Electric: 3 Phase
  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Street Lights
  • Association: Yes

Lot Info

  • Parcel #: 514004110010
  • Current Use: Commercial, Office, Other
  • Development Status: Site Plan Filed
  • Lot Size Acres: 22.03
  • Lot Size Sq Ft: 959573.0
  • Number Of Lots: 3
  • Possible Use: Commercial
  • Mobile Dim Units: Feet
  • Additional Parcels Description: 514004110020
  • Zoning: B-2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 196430.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Oct 11, 2023
Sold by
Southwest Broward Theaters Holdings Ltd
Bought by
15601 Sheridan Street Llc
Seller's Agent
Federico Rochwerger, PA
The Keyes Company
Buyer's Agent
Angeline Earnest
Coldwell Banker Realty
List Price
$4,750,000
Sold Price
$2,950,000
Premium/Discount to List
-$1,800,000
-37.89%
Views
22
Current Estimated Value
$482,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,468,000

Purchase Details

Closed on
Nov 4, 2004
Sold by
Southwest Broward Theaters Holdings Ltd
Bought by
Sheridan Shoppes C Lp

Purchase Details

Closed on
Apr 26, 2004
Sold by
Southwest Broward Theaters Holdings Ltd
Bought by
Tgi Fridays Inc

Purchase Details

Closed on
Dec 22, 2003
Sold by
Southwest Broward Theater Holdings Ltd
Bought by
Sheridan Shoppes I75 Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,055,520
Interest Rate
6.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2000
Sold by
Southwest Broward Drainage District
Bought by
Southwest Broward Theaters Holdings

Purchase Details

Closed on
Dec 3, 1998
Sold by
Southwest Broward Theaters Hld Ltd
Bought by
Ept Downreit Inc

Purchase Details

Closed on
Feb 19, 1998
Sold by
Culverhouse Investments Properties
Bought by
Southwest Broward Theaters Holdings

Purchase Details

Closed on
Sep 13, 1997
Sold by
Ivanhoe Land Investments Inc
Bought by
Culverhouse Investment Properties L
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
15601 Sheridan Street Llc $2,950,000 None Listed On Document
Sheridan Shoppes C Lp $275,000 --
Tgi Fridays Inc $1,250,000 --
Sheridan Shoppes I75 Ltd $1,200,000 --
Southwest Broward Theaters Holdings -- --
Ept Downreit Inc $21,500,000 --
Southwest Broward Theaters Holdings $3,350,000 --
Culverhouse Investment Properties L $7,499,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheridan Shoppes I75 Ltd $4,055,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $2,950,000 -37.9% $9 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
09/10/2022 09/10/22 For Sale $4,750,000 -- $14 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $145,022 $7,451,580 $6,584,000 $867,580
2025 $145,072 $7,451,580 $6,584,000 $867,580
2024 $141,881 $7,451,580 $6,584,000 $867,580
2023 $141,881 $7,451,580 $6,584,000 $867,580
2022 $132,854 $6,989,670 $0 $0
2021 $120,786 $6,354,250 $5,486,670 $867,580
2020 $121,451 $6,354,250 $5,486,670 $867,580
2019 $112,676 $5,805,580 $4,938,000 $867,580
2018 $111,473 $5,805,580 $4,938,000 $867,580
2017 $111,459 $5,805,580 $0 $0
2016 $112,786 $5,805,580 $0 $0
2015 $112,101 $5,492,530 $0 $0
2014 $107,464 $4,993,210 $0 $0
2013 -- $5,805,580 $4,938,000 $867,580
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10831056

BeachesMLS (Greater Fort Lauderdale)

APN: 51-40-04-11-0010

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