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Property Detail

Davie Road
Explore 3.4 acres of RAC-TC zoned properties on Davie Road with NNN income and prime redevelopment .
$17,000,000

Description

  • Explore 3.4 acres of RAC-TC zoned properties on Davie Road with NNN income and prime redevelopment potential.
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  • There are 490 feet of frontage along Davie Road/SW 64th Avenue and SW 41st Street, with six convenient curb cuts.
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  • Benefit from exposure to over 80,000 students at nearby Florida Atlantic University, Nova Southeastern University, and Broward College.
  • Three negotiable leases with the existing land owner/operator for three restaurants boasting an annual income of $720,000.
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  • Ideal for a development company for partnership or outright sale to reimagine this area to align with Davie's downtown walkability strategy.

Executive Summary

Available for portfolio purchase is a unique investment opportunity featuring three standalone restaurant properties on 3.4 acres of prime commercial land at 4101, 4125, and 4155 SW 64th Avenue in the heart of Davie. The portfolio includes Sweet Alchemy Confectionery, a 5,060-square-foot establishment; Flashback Diner, a popular local chain spanning 3,864 square feet; and Chix & Brews, a recently renovated 2,525-square-foot property with a drive-thru. These properties are situated on 490 feet of frontage along Davie Road/SW 64th Avenue and benefit from six curb cuts, enhancing their accessibility.

With an impressive annual NNN income of $720,000, this portfolio offers negotiable leases with the existing land owner/operator. The properties are zoned RAC-TC, presenting a prime redevelopment opportunity aligned with Davie's vision for a walkable downtown area. This area is bustling, with over 80,000 college students from nearby institutions such as Florida Atlantic University, Nova Southeastern University, and Broward College.

Strategically positioned, the properties offer seamless access to major highways, including Interstate 595, Florida's Turnpike, S University Drive, and US Highway 441. Just 15 minutes from Fort Lauderdale Airport via Griffin Road, the properties benefit from enhanced visibility and access. Davie's lush, palm tree-filled landscape and unique blend of coastal and Western themes, coupled with its rich agricultural heritage, further elevate the appeal of this location. Take advantage of this opportunity, which is ideal for a development company or investor looking to capitalize on a prime mixed-use development site with options for partnership or an outright sale.

Three Leased Restaurants on 3.4 Acres

Listing ID : 00946

SKU: 946

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Price History

DateEventPrice
December 16 2024Listed$17,000,000.00