3463 Griffin RdFort Lauderdale, FL 33312

Property Details for 3463 Griffin Rd

Year built

1957

Construction

CONCRETE

Lot size

0.70 AC

Property size (Sq ft)

1,168 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

50-42-30-04-0500

APU

504230040500

Description

This exceptional 1.2-acre waterfront property in Dania Beach, Florida, presents a unique development opportunity. Located at 3463 Griffin Rd, 33312, this 52,000 square foot site boasts direct ocean access with no fixed bridges, offering unparalleled convenience and desirability. The property includes three boat slips and a boat ramp, adding significant value and appeal. Currently zoned C2, the land is suitable for a wide range of commercial uses, including restaurants, banks, retail centers, office and medical buildings, schools, and houses of worship. The asking price for this prime location is $6,500,000. Its expansive size and prime waterfront location make it an ideal investment for developers seeking a high-impact project in a thriving South Florida market. The single building on the property offers significant potential for redevelopment or repurposing. The property's strategic location in Broward County, combined with its exceptional features, ensures strong potential for future growth and return on investment. This is a rare opportunity to acquire a substantial waterfront parcel with diverse development possibilities in a highly sought-after area. Don't miss this chance to secure a piece of prime Dania Beach real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $614,275

  6.5%

  $567,023

  7%

  $526,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,262,348

  Geo Method

  $1,262,348

• Alternative Use

  Use

  Valuation

  Residential

  $478,305

  Hospitality

  $438,125

  Educational

  $364,515

  Medical

  $377,051

  Retail

  $567,023

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.0629

Longitude

-80.1918

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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