2605 Andrews Ave, Unit 2613 Wilton Manors, FL 33311-2509
- Retail space
- 2,497 SF
- 1.31 lot acres
Current Use by Public Records
- Bub-Lz Laundrymat / Laundromat
- Bubbles Laundry 24 Hours Laundry / Laundromat / Laundry Service
- Dry Cleaners - Wash & Fold - Laundry Lounge / Dry Cleaner
- Dry Cleaners - Wash & Fold - Bubbles Laundry / Dry Cleaner
Property Details for 2605 Andrews Ave
- Year built
- 1941
- Construction
- CONCRETE
- Lot size
- 1.31 lot acres
- Property size
- 2,497 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 49-42-27-00-0220
- APU
- 494227000220
Description
This exceptional 1.31-acre parcel at 2605 N Andrews Ave, Wilton Manors, FL, presents a remarkable investment opportunity. Zoned TOC-W, the property allows for the development of up to 70 residential units across four stories, maximizing density and return. Located in the vibrant city of Wilton Manors, Broward County, this prime site benefits from a supportive development environment and a dynamic community atmosphere. The 33311 zip code offers convenient access to local amenities and major transportation routes. The substantial lot size provides ample space for a thoughtfully designed residential project that can address the area's housing demand. This development opportunity allows for innovative design and community engagement, promising long-term value and a positive impact on the South Florida landscape. The property's potential for high-density residential construction makes it an attractive proposition for developers seeking to capitalize on the growing demand for housing in this desirable location. The maximum building height of four stories offers flexibility in design while adhering to local zoning regulations. This is a unique chance to create a significant residential development in a thriving South Florida community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,470,000
- 6.5%
- $2,795,000
- 7%
- $2,870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,495,000
- Geo Method
- $2,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,450,000
- Retail
- $2,415,000
- Mixed-Use
- $2,695,000
- Hospitality
- $2,370,000
- Educational
- $2,575,000
- Residential Income
- $2,675,000
- Energy
- $2,575,000
- Income-Based Land
- $2,380,000
- Food Service
- $2,850,000
Location Insight
- Map
- Local Demand
- City
- Wilton Manors
- County
- Broward
- State
- Florida
- Longitude
- -80.1472
- Latitude
- 26.1593
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
