4 Acres for Hotel South FL — Sale in Sunrise, FL

  • Price: $9.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sunrise, FL 33323

Description

This 4.04 acre lot is conveniently located in Sawgrass Corporate Park, a highly coveted tourist destination near the world-famous Sawgrass Mills Mall complex. This land is approved by the City of Sunrise for an upscale lifestyle hotel which offers a unique opportunity for investment in an area where there is currently no other land available to build a hotel. The current zoning of the land is framed by the B-3 General Business District standard. The property is within the Coverage Zone of the super zones "Western Sunrise Area" and "Western Sunrise Entertainment District", which allows Mixed uses, Commercial, Hotel and Offices. A minimum of 250 rooms (including suites) of at least 350 square feet (32.51 M2) is allowed in the standard with the aim of encouraging development with all services and amenities, ensuring an iconic presence in West Broward County. The allowed footprint "Lot Coverage" (approved in the development agreement)includes a footprint of the building plus a footprint of auxiliary constructions to access it of 24% of the Lot without including parking spaces. Including parking is 60% of the Lot. This approval is unique to this project. Land Size: 4.08 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Sunrise, FL is listed for sale at $9,500,000. It has been on the market for 2 days. Compare it against other multifamily listings for sale in Sunrise, FL — view the full market.

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