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    3551 State Rd West Park, FL 33023

    For Sale
    $2,995,000

    Vacant auto shop, prime redevelopment site.

    Property size:
    2,553 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This vacant 2,553 square foot auto shop building presents a unique redevelopment opportunity. Situated on a large 37,476 square foot lot in West Park, Florida (33023), this property offers significant potential. The building is currently vacant, allowing for immediate occupancy or redevelopment. The Transit-Oriented Corridor (TOC) zoning permits a wide range of uses, including commercial and residential development. Its location in West Park, near Hallandale Beach and major transportation routes, ensures high visibility and accessibility. The substantial lot size allows for expansion or the addition of complementary structures. This property is ideal for developers seeking to capitalize on the growing market and create a mixed-use development or for an end-user seeking a large footprint in a strategic location. The asking price is $2,995,000.

    Property Features for 3551 State Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    2,553 SF

    Building Details

    Buildings
    1

    HighLights

    • TOC (Transit‑Oriented Corridor) zoning allows for commercial and residential uses.
    • Vacant 2,553 SF auto shop building offering immediate occupancy or redevelopment.
    • Excellent redevelopment potential in a transit corridor, ideal for multifamily development.
    • Prime West Park, FL location near Hallandale Beach with high visibility and accessibility to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.206035975353
    Latitude
    25.979032757827

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    FAQs

    What type of property is this?
    Automotive property - Vacant auto shop, prime redevelopment site.
    Where is this automotive property located?
    The property is located at 3551 State Rd West Park, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: TOC (Transit-Oriented Corridor) zoning allows for commercial and residential uses.; Vacant 2,553 SF auto shop building offering immediate occupancy or redevelopment.; Excellent redevelopment potential in a transit corridor, ideal for multifamily development.
    (305) 915-6018
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    3551 State Rd West Park, FL 33023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3551 State Rd West Park, FL 33023
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