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Sherman Cir

0.61 Acres of Commercial Land Offered at $1,600,000 in Miramar, FL 33025

Investment Highlights

  • Sherman Circle Development Site
  • 26,364 SF Lot
  • Approved Plans for 8 Townhome Units!

Executive Summary

This prime development opportunity in Miramar, Florida, located on Sherman Circle N, has approved site plans for constructing eight luxury townhomes. The project is valued at an appraised $5.2 million, offering a substantial return on investment in one of South Florida's most desirable areas.
The townhomes will feature upscale, contemporary finishes, with each unit comprising three bedrooms, two and a half baths, and a three-car garage. The homes are designed with spacious 2,000 sq. ft. layouts spread across three stories. Each unit will also include a 135 sq. ft. balcony and inviting outdoor spaces, ideal for relaxation or entertaining. The development is strategically positioned to exploit the growing demand for Airbnb/short-term rental properties.

Data Room Click Here to Access

Property Facts

Price $1,600,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.61 AC

1 Lot Available

Lot

Price $1,600,000
Price Per AC $2,643,606
Lot Size 0.61 AC

26,364 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-41-21-09-2070
Land Assessment
$448,190
Improvements Assessment
$0
Total Assessment
$448,190

zoning

Zoning Code RM-4 (Residential Multi-Family)
RM-4 (Residential Multi-Family)
  • Listing ID: 33868861

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: Sherman Cir, Miramar, FL 33025

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