34-48 S Federal Hwy
Dania Beach, FL 33004
Redevelopment Site With In-Place Income · Land For Sale · 0.46 AC

Canterbury Square has been well maintained and provides professional curb appeal, high signage opportunity, and ample parking. Built in 1974, this property has seen recent renovated interiors and exteriors. There are 21 surface parking spaces, providing for a parking ratio of 2.96 per 1,000 square feet of rentable space. Canterbury Square is made up of a two-story mixed-use retail/apartment building, two freestanding retail buildings, and a parking lot. The two-story mixed-use building offers two retail stores on the ground floor and nine apartment units. The apartments are comprised of one – one bedroom/one bathroom, seven efficiencies, and one standalone room. The only vacancy is the standalone room, which is owner used. One single-tenant freestanding retail building is occupied by a Karate teacher while the other freestanding strip is occupied by a mix of professional tenants. The retail portion is 89 percent occupied. Canterbury Square presents on of the most unique opportunities to acquire a 0.46-acre in fill development with a stabilized mixed-use building(s) generating over $109,000 in-place NOI during the development phase. With the great exposure this property possesses, Canterbury Square is set to substantially benefit from sustained household and job growth over the next 20 years. This is an excellent opportunity for an investor looking to increase cash-flows or for a developer looking to develop in this exploding city of Dania Beach.