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"In Front of an Approved Casino!"
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TOWN & COUNTRY REAL ESTATE
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| TOWN & COUNTRY |
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Email TOWN & |
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Phone: |
239-566-8459 |
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Cell: |
239-272-6309 |
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Fax: |
866-566-9133 |
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Type: Commercial
Style: Bi-Level "Apartments on 2nd floor."
Size: 27,000 sq. ft. "Prime Retail Space"
Lot Type: Irregular
Lot Size:
0.75 acres
Year Built: 1950
Taxes: $8,800.00 (2006)
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Located directly on US1 in the heart of Dania Beach, this property is a fantastic opportunity for real estate investors to be at the right place at the right time.
This corner building is 3 blocks away form Dania Jai-Alai and 1 block away from City Hall, directly on the main artery.
Dania Jai-Alai is being outfitted with Slot Machines and in anticipation of full gambling licensing many projects are in the works, some already under construction.
To mention a few:
• Immediately across the street – Casino and Hotel of 325,000sq.ft - has been fully approved by city and site plans are pending.
• 292 units Condo/Hotel with additional 15,000sq.ft of commercial space – has been approved, pending site plans approvals.
• 288 Residential units – permits pending
• HYATT / Summerfield Hotels were recently approved for 2 Hotels totaling 250 rooms.
Built in 1950, the building currently operates as successful Antiques Retail stores and apartments, 27,000+/-sq.ft, producing NOI of $294,000 annually. CAP Rate is 5.8% and inplace zoning allows for up to 14 story building.
The location is an attractive opportunity to position the investor with a desirable retail location for any customer-service base Retailer, national and local alike (Starbucks, Banks, Dry Cleaners etc).
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DIRECTLY ACROSS THE STREET FROM A FUTUR CASINO!
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27,000 ST OF PRIME LOCATION REAL ESTATE
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DANIA BEACH IS ON THE VERGE OF TREMENDOUS GROWTH DUE TO JAI-ALAI EXPENTION OF SLOT MECHINES, FT. LAUDERDALE AIRPORT GROWTH AND FUTURE GAMBELING.
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LOCATED IN THE HEART OF THE CITY OF DANIA BEACH
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SEVERAL APPROVED PROJECTS FOR CONDO/HOTEL, HOTELS, RES. UNITS ETC ARE BLOCKS AWAY.
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