3280 N University Dr
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3280 N University Dr
0.59 Acres of Commercial Land Offered at $3,900,000 in Coral Springs, FL 33065
Investment Highlights
- Site is in Coral Springs' new downtown, surrounded by 1,497 Class A apartments (both under construction and in planning)
- Extensive retail/restaurant space, ideal for upscale hotel development
- Prime 0.6-acre hotel development site in the heart of Coral Springs' emerging "Downtown Coral Springs" district
- Opportunity to establish a Hyatt Place hotel as the premier destination and exclusive option in this thriving area
Executive Summary
Located at the intersection of University Drive and Sample Road in Coral Springs, Florida, this 0.6-acre hotel development site is a focal point of the emerging "Downtown Coral Springs" district. Surrounded by new developments, including Modera, a 708-unit Class A apartment development, and over 46,572 square feet of ground-floor retail/restaurant space, the site offers a prime opportunity for an upscale mixed-use hotel. Adjacent to Coral Springs City Hall, the site benefits from its central location within the city's administrative hub. The proximity to the planned City Village development, which will features 412 Class A apartments, 111,362 square feet of retail/restaurant space, 37,393 square feet of office space, and a Whole Foods grocery store, further enhances its appeal. Additionally, Village Square, located on the northeast corner, will offer 377 Class A apartments and 10,000 square feet of retail/restaurant space. With its strategic location and surrounding amenities, this development presents a unique opportunity to establish a Hyatt Place hotel as the premier destination in the market and the exclusive hotel option in this thriving area.
Property Facts
1 Lot Available
Lot
Price | $3,900,000 | Lot Size | 0.59 AC |
Price Per AC | $6,610,169 |
Price | $3,900,000 |
Price Per AC | $6,610,169 |
Lot Size | 0.59 AC |
Site is in Coral Springs' new downtown, surrounded by 1,497 Class A apartments (both under construction and in planning) with extensive retail/restaurant space, ideal for upscale hotel development. Prime 0.6-acre Hyatt Place hotel development site.
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $5,344,330 | Total Assessment | $5,344,330 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,344,330
Improvements Assessment
$0
Total Assessment
$5,344,330
zoning
Zoning Code | DT-MU (Mixed-Use) |
DT-MU (Mixed-Use) |
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3280 N University Dr
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