5540 64Th Ave Davie, FL 33314
- Hospitals
- 3,445 SF
- 1.59 lot acres
Current Use by Public Records
- Hospitals
Property Details for 5540 64Th Ave
- Year built
- 1954
- Construction
- CONCRETE
- Lot size
- 1.59 lot acres
- Property size
- 3,445 SF
- Zone code
- CF
- Property type
- Hospitals
- APN
- 50-41-35-02-0390
- APU
- 504135020390
Description
This exceptional commercial property, located at 5540 SW 64th Ave in Davie, Florida, presents a unique investment opportunity. The 4,000 square foot building sits on a substantial 1.59-acre lot, zoned CF (Community Facility), offering remarkable flexibility for a variety of uses. Its prime location near the burgeoning Downtown Davie and Nova University areas provides excellent access to a thriving community and a strong potential for future growth. The property's proximity to major transportation arteries, including the Turnpike, Highway 441, and I-95, ensures convenient connectivity throughout South Florida. The existing structure could be utilized for continued commercial operations, potentially repurposed for a single-family residence, or the lot could be subdivided to create a smaller-scale residential development. This presents a rare chance to acquire a significant parcel of land in a rapidly developing area, allowing for diverse development options to suit a wide range of investment strategies. The property's size and zoning provide a substantial foundation for future success in a highly desirable location. This is a truly exceptional opportunity for investors seeking a versatile and strategically located property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $915,000
- 6.5%
- $910,000
- 7%
- $1,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $800,000
- Geo Method
- $945,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,020,000
- Retail
- $1,065,000
- Mixed-Use
- $1,025,000
- Hospitality
- $890,000
- Educational
- $1,120,000
- Residential Income
- $1,075,000
- Energy
- $955,000
- Income-Based Land
- $1,055,000
- Food Service
- $900,000
Location Insight
- Map
- Local Demand
- City
- Davie
- County
- Broward
- State
- Florida
- Longitude
- -80.2313
- Latitude
- 26.0519
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
