3331 Coral Hills Dr Coral Springs, Florida
MLS#: A11736676
$8,995,000 USD
Listed By iMarket Realty
The Commercial Property for Sale located at Coral Springs, Florida is currently for sale. Coral Springs, Florida is listed for $8,995,000. If the property located at Coral Springs, Florida isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in Coral Springs .
Date Updated : Feb 1, 2025
Property features
Construction details
- Year built: 1973
- Roofing: Tile
Description
ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs’ Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village.
The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.
Location
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