Southeast Asset Specialists, LLC

BANK OWNED LAND

RODEO VILLAGE

Located on the east side of University Drive, between Griffin and Stirling Roads, with an address of 5250 S. University Drive, in the Town of Davie, Broward County, Florida

Currently offering 6.71+/- acres of vacant land but with significant horizontal infrastructure in place. The site has good potential for a townhome development or a Student Housing project, but also could be considered for an Office Park. The site is currently site plan approved for a 48 Bedroom ALF facility.

PROPERTY DETAILS

Rodeo Village - Location Map

Location: The site is located on the east side of S. University Drive, between Griffin & Stirling Roads, in the Town of Davie, Broward, County, FL

Asking Price: $2,250,000

Price/Acre: $335,320+/-

Property Size: 6.71+/- Acres

Legal Description: Lengthy; Parcel Control Nos. 5041-33-39-0010, -0020 & -0030

Zoning: RM-10 (Multi-Family Residential - Medium Density) and A-1 (Agricultural)

Future Land Use: Residential 10 DU/Acre & Residential 3 DU/Acre

Comments: The property is currently bank-owned and consists of three assembled parcels known as "Rodeo Village". The site was previously planned for 47 townhomes and one single family unit, with approximately 95% of horizontal infrastructure installed for this use. Conceptual site plans were later changed to a 48 bedroom assisted living facility and preliminary entitlement approvals were obtained for this revised use. The site currently has potential for Townhomes, Student Housing or Office Park use.

Directions: If traveling from I-595, exit at University Drive and travel south approximately three miles. If traveling from the Florida Turnpike or I-95, take the Griffin Road exit and travel west to University Drive. The property is approximately one-half mile south of Griffin Road on the east side of University Drive.