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3331 Coral Hills Dr, Coral Springs FL 33065

Commercial Recently Sold
$8,650,000

BTC: 93.46299298

ETH: 2,637.19512195

Sold on: 2025-04-16
13 days
Waterfront
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • Coral Springs • 33065 • Commercial • Recently Sold • Waterfront

Facts and features

Type:
Commercial Sale
Parking:
Free Parking / Guest
Year Built:
1973
Lot:
129809 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Parking

    • Free Parking

    • Guest

    Lot

    • Lot: 129809 Square Feet

    Other Property Information

    • Parcel Number: 484121010112

    • Zoning: DT-MU

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $154,053

  • Source details

    • MLS ID: A11736676

    Other facts

    • Construction Materials: CBS Construction

    • Waterfront: Yes

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: iMarket Realty