717 Phippen Waiters Rd
Dania Beach, FL 33004
Build 4 Units! Opportunity Zone! Mixed-Use · Land For Sale · 0.12 AC

Cleared ready-to-build corner lot in the heart of the rapidly developing Dania Beach opportunity zone, just blocks from the brand new 102 acre $800M Dania Pointe development, and walking distance to elementary and middle schools! This property is zoned mulit-family/mixed-use. You can build up to four residential units according to the current zoning. You can build just residential, just commercial, or a mix of both. The lowest priced vacant lot in Broward County that is buildable for four units for sale right now is $260,000; this $260,000 lot is not in a qualified opporunity zone. Buy this lot now for just $129,900; that’s well OVER $100,000 OFF of the lowest priced buildable 4 unit lot in Broward County! Owner financing is available as well; call today for details. According to Zillow: Dania Beach property values have gone up 7.1% over the past year and are predicted to go up an additional 7.8% this coming year. See Pics! Build a four unit apartment complex consisting of four 2 or 3 bed 2 bath units at 1,000 square feet each unit. A brand new 2 or 3 bed 2 bath unit should rent easily for $1,800 per month in the area based on comps; see pictures. If your building costs are $100 per square foot, you can build this quadplex consisting of four 2 or 3/2s for $400,000. With the land only costing you $129,900, you will be all in at $529,900. The four units rented out at $1,800 per month each will bring you $86,400 per year. As this is new construction, your expenses and vacancies should be very low. This property could yield OVER a 15% cap rate! This is unheard of in this market. You could also build a duplex townhouse project for re-sale, a take-out restaurant (which are thriving in this post covid era), or many other options; the zoning is very favorable for developers. VERY IMPORTANT: This property is in a qualified opportunity zone. There is a HUGE tax savings on all of the money you put into this property. You also pay no taxes on the profit you make when you sell this property if you hold it for ten years. Please consult your accountant for specifics on opportunity zones. Being centrally located to the beach, schools, shopping, restaurants, casino, airport, highways, and just blocks form the 102 acre $800M Dania Pointe development (including many offices, restaurants, shops & the newest Starbucks in the area), as well as other new developments all around, property value in this area is sky rocketing! As this is a corner lot, there is great opportunity for parking and ingress/egress, allowing you to build this lot to it’s maximum potential. Drive by, see the opportunity, and call today while it is still available.