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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

Price $3,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Hotel
Total Lot Size 0.59 AC

1 Lot Available

Lot

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 48-41-21-45-0010
  • 48-41-21-45-0030
Land Assessment
$5,344,330
Improvements Assessment
$0
Total Assessment
$5,344,330

zoning

Zoning Code DT-MU (Mixed-Use)
DT-MU (Mixed-Use)
  • Listing ID: 31589286

  • Date on Market: 4/23/2024

  • Last Updated:

  • Address: 3280 N University Dr, Coral Springs, FL 33065

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