4100 64th Ave Ste, Unit 101 Davie, FL 33314-3655

Property Details for 4100 64th Ave Ste

Year built

2010

Construction

CONCRETE

Lot size

0.03 lot acres

Property size

1,250 SF

Zone code

B-2

Property type

Office buildings

APN

51-41-02-GC-0010

APU

514102GC0010

Description

This exceptional investment opportunity presents three, two-story buildings totaling 22,316 square feet, constructed in 2010. Located at 4100 SW 64th Ave #101 in Davie, Florida (near Hollywood), this multifamily property boasts a highly desirable location, offering convenient access to major roadways like Stirling Road and Davie Road. Its proximity to Nova Medical Center and Nova University further enhances its appeal. The property currently houses a single tenant, Recovery First, a substance abuse and alcohol rehabilitation center, under a lease with increased rent commencing May 1, 2023. The tenant is responsible for taxes and insurance above the 2012 base amount. This presents a significant advantage, as the property is already configured as 20 individual medical office condominium units, each with a separate folio, allowing for future flexibility and potential for increased revenue. The hard-to-obtain zoning for behavioral health and substance abuse treatment adds considerable value. The property features excellent signage, including a prominent monument sign, and is minutes from the Hard Rock Hotel and Casino. The asking price is $8,000,000, and individual building sales are possible. This is a rare opportunity to acquire a well-positioned, income-producing asset in a rapidly developing area.