$7,000,000
Fort Lauderdale, FL 33331
MLS# FX-10473010
1 / 7
Property Description
Prime Commercial Development opportunity in Davie, FL. Located at 15601Sheridan St., this +/-5 acre development site is approved for a 44,000 SFcommercial building, with potential expansion to 60,000 SF. Strategicallypositioned off the I-75 Sheridan St. exit, the site offers exceptional visibility andaccessibility within a vibrant retail hub featuring Cinemark, Ashley Furniture, andPublix. Boasting flexible development options and underutilized parking, theproperty is ideal for retail, office, or medical uses. Listed at $7,000,000, thisimpressive property presents a rare investment opportunity in one of SouthFlorida's most sought-after commercial areas.
Details
Maps
Contract Information
Listing Date: 2024-11-22
Status: Active
Original List Price: 7000000
List Price: $7,000,000
Current Price: $7,000,000
List Price/Acre: 555996.82
General Property Description
Lot Dimensions: 548667
Lot SqFt: 548667
Lot Frontage: 840
Lot Depth: 866
Acres: 12.59
Waterfront: Yes
Subdivision: Britannia 148-7 B
Homeowners Assoc: None
Directions: Off I-75, take Exit 11 to Sheridan Street.Head west on Sheridan Street.Turn right at the first traffic light.Turn right at the second stop sign and follow the signs.The property is located north of the Cinemark theater.
Location Tax Legal
Area: 3200
County: Broward
Parcel ID: 514004110020
Street #: 15601
Street Name: Sheridan
Street Suffix: Street
Zip Code: 33331
Legal Desc: BRITANNIA 148-7 B PARCEL B LESS POR DESC IN OR 29208/1430 TOGETHER WITH POR OF VACATED HAWKS BLUFF AVE DESC IN OR 30262/
Geo Lat: 26.02953
Geo Lon: -80.361258
Property Features
Location: Shopping Center
Lot Description: 11 to 25 Acres
Comp Plan Use: Professional
Utilities Avail: Other
Utilities On Site: Irrigated Water; Other Sewer; Public Water
Waterfront Details: Pond
Roads: Highway; Legal Access Road; Other
Usage: Unimprovd Bus/ Com
Terms Considered: Cash; Conventional; Other
Supplements
- PrimeLocation: Strategically situated within a bustling commercial hub with high barriers to entry and increasing demand for retail, office, and medical spaces.- Flexible Development Options:- A 44,000SF site plan has already received approval from Cinemark.- New site plans up to 60,000 SF can be submitted for approval by Cinemark and the town of Davie.- Underutilized Parking: A recent parking study revealed that only 40% of parking spaces within the plaza are occupied during peak times, demonstrating significant capacity for development withoutcompromising existing operations for the current tenants or future development.- Restrictive Covenant with Cinemark: A covenant with Cinemark ensures adequate parking for the theater will be prioritized and restricts certain family entertainment uses such as bowling alleys and arcades- Shared Common Areas: While the subject property includes +/- 5 acres of Land, ownership also controls an additional +/ 17 acres surrounding the site. These areas, shared through easements with plazatenants, are managed and maintained by ownership, with tenants reimbursing their proportional costs. A Buyer may pursue all +/- 22 acres (see survey).
Listing Office: Coldwell Banker Realty
Last Updated: February - 20 - 2025
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