6650 Nova Dr
Davie, FL 33314
Land For Sale
·
2.12 AC
Investment Highlights
- Over 65,000 students across five adjacent universities create immediate and sustained housing demand.
- Seller’s experience in construction & development enhances Buyer confidence in project feasibility and underwriting.
- Proximity to high-end retail and grocery along University Drive coupled with immediate access to Interstate 595.
- Standout location with over 2 acres on a prominent, signalized corner.
- Stabilized Market Occupancy of over 96% within the Davie submarket.
Property Facts
Description
University Central represents a uniquely positioned development opportunity at the prominent, signalized intersection of College Avenue and Nova Drive. The site is currently approved for a 127-key hotel, but is further supported by conceptual design plans for a 175-unit multi-family community totaling approximately 145,935 Leasable Square Feet. Its RAC-RTW zoning designation requires the incorporation of retail alongside residential, offering a true mixed-use development that aligns with the evolving character of the area. University Central’s rectangular configuration and infill positioning allow for efficient design and construction. The property is surrounded by retail, restaurants, student housing, and employment centers, providing an immediate built-in demand driver for multifamily. University Central offers developers a manageable project in a land constrained market where opportunities for new apartments are extremely limited.
Property Taxes
| Parcel Number | 50-41-22-05-0020 | Improvements Assessment | $0 |
| Land Assessment | $1,636,440 | Total Assessment | $1,636,440 |
Property Taxes
