NOT LISTED FOR SALE

Davie, FL 33331

Towngate Neighborhood
22.03 Acres
-- Price per Acre
959,627 Sq Ft Lot

Last Sold October 11, 2023

Last sale price $2,950,000 $9 Per Sq Ft

346 Days on Market

Highlights

  • Waterfront
  • 22.03 Acre Lot
  • Paved or Partially Paved Lot
  • Hawkes Bluff Elementary School Rated A-
  • Canal View

About This Lot

As of October 2023

INCREDIBLE COMMERCIAL LAND DEVELOPMENT OPPORTUNITY TO OWN 22.03 ACRES IN DAVIE, FL. IT'S COMPRISED OF 3 CONTIGUOUS PARCELS ZONED B2. EXISTING BUILDINGS NOT INCLUDED IN SALE. LOCATED OFF I-75, THIS PROPERTY HAS AN AVG. OF 48,500 TRIPS/DAY ON SHERIDAN ST & 145,500 TRIPS/DAY ON I-75 (2021 FDOT AADT) AND HAS A DENSE POPULATION W/ OVER 240,000 IN A 5 MILE RADIUS. THE PROPERTY FEATURES EXCESS PARKING THAT WOULD ALLOW THE DEVELOPMENT OF AN ADDITIONAL 45,000 SQFT +/- OF SPACE. THE PROPERTY IS CURRENTLY THE PARKING OF EXISTING BUILDINGS -NOT PART OF THIS OFFERING- THAT INCLUDE CINEMARK THEATERS, ASHELY FURNITURE, OCEAN ONE BAR & GRILL AND A VACANT RESTAURANT. NOTABLE TENANTS IN PD INCLUDE STARBUCKS, LOWE'S, PUBLIX, MCDONALD'S, E

Last Agent to Sell the Property

Federico Rochwerger, PA

The Keyes Company Brokerage Phone: 561-866-9616 License #3014927 Listed on: 09/09/2022

The Keyes Company

Last Buyer's Agent

Angeline Earnest

Coldwell Banker Realty License #3525800

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 22.03 Acre Lot
  • Waterfront
  • Paved or Partially Paved Lot
  • Site Plan Filed
  • Property is zoned B-2

Additional Features

  • Canal Views
  • City Lot

Community Details

  • Britannia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514004110010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Property Sub Type Additional: Commercial
  • Directions: I-75 TO SHERIDAN ST, HEAD WEST AND MAKE A FIRST RIGHT
  • Special Features: VirtualTour

Exterior Features

  • View: Canal
  • Lot Features: City Lot
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: Yes
  • Disclosures: Deed Restriction, Easement(s)

Lot Info

  • Parcel #: 514004110010
  • Development Status: Site Plan Filed
  • Lot Size Acres: 22.03
  • Lot Size: 11 to 25 Acres,Freeway A
  • Lot Size Sq Ft: 959573.0
  • Zoning Description: B-2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 196430.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Oct 11, 2023
Sold by
Southwest Broward Theaters Holdings Ltd
Bought by
15601 Sheridan Street Llc
Seller's Agent
Federico Rochwerger, PA
The Keyes Company
Buyer's Agent
Angeline Earnest
Coldwell Banker Realty
List Price
$4,750,000
Sold Price
$2,950,000
Premium/Discount to List
-$1,800,000
-37.89%
Views
22

Purchase Details

Closed on
Feb 1, 1999
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
15601 Sheridan Street Llc $2,950,000 None Listed On Document
Available Not $10,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $2,950,000 -37.9% $9 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
09/10/2022 09/10/22 For Sale $4,750,000 -- $14 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $145,072 $7,451,580 $6,584,000 $867,580
2024 $141,881 $7,451,580 $6,584,000 $867,580
2023 $141,881 $7,451,580 $6,584,000 $867,580
2022 $132,854 $6,989,670 $0 $0
2021 $120,786 $6,354,250 $5,486,670 $867,580
2020 $121,451 $6,354,250 $5,486,670 $867,580
2019 $112,676 $5,805,580 $4,938,000 $867,580
2018 $111,473 $5,805,580 $4,938,000 $867,580
2017 $111,459 $5,805,580 $0 $0
2016 $112,786 $5,805,580 $0 $0
2015 $112,101 $5,492,530 $0 $0
2014 $107,464 $4,993,210 $0 $0
2013 -- $5,805,580 $4,938,000 $867,580
Source: Public Records

Agents Affiliated with this Home

  • Federico Rochwerger, PA

    Seller's Agent in 2023

    Federico Rochwerger, PA

    The Keyes Company

    (561) 866-9616

    1 in this area

    36 Total Sales

    Federico Rochwerger, PA
    Section Image
  • Angeline Earnest

    Buyer's Agent in 2023

    Angeline Earnest

    Coldwell Banker Realty

    (954) 743-5222

    1 in this area

    8 Total Sales

    Angeline Earnest
    Section Image
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Source: BeachesMLS

MLS Number: R10831056

BeachesMLS

APN: 51-40-04-11-0020

Florida Broward County Davie 33331

Towngate

Not Listed for Sale

Lots

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