3 Ave Hallandale Beach, FL 33009
- Parking lots & garages
- 5.11 lot acres
Jan 03, 2020
Current Use by Public Records
- Parking lots & garages
Property Details for 3 Ave
- Year built
- 1979
- Lot size
- 5.11 lot acres
- Zone code
- CENTRAL RAC
- Property type
- Parking lots & garages
- APN
- 51-42-22-02-0090
- APU
- 514222020090
Description
Exceptional investment opportunity in Hallandale Beach, Florida, presents two adjacent parcels totaling 7,500 square feet (50ft x 150ft), identified as folios 514222040400 and 0390. This combined land area is ideally suited for the construction of a mixed-use development, encompassing both multifamily residential units and commercial retail space, such as a convenience store. The property's strategic location offers convenient access to the city's vibrant amenities, including proximity to Gulfstream Park, Foster Road, diverse restaurants, and entertainment venues. The recent city code amendment significantly enhances the development potential, permitting the construction of a building up to 12 stories high, with a mixed-use designation allowing for both commercial and residential components. The zoning allows for a density of 120 dwelling units per acre. While parking is subject to specific restrictions, the property's prime location and the updated zoning regulations present a compelling opportunity for a high-return investment. The asking price for this exceptional development site is $175,000. This represents a significant opportunity to capitalize on the growth and development within this emergent area of Hallandale Beach.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1461
- Latitude
- 25.992
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
