15601 Sheridan Street, Fort Lauderdale

Prime Commercial Development opportunity in Davie, FL. Located at 15601Sheridan St., this +/-5 acre development site is approved for a 44,000 SFcommercial building, with potential expansion to 60,000 SF. Strategicallypositioned off the I-75 Sheridan St. exit, the site offers exceptional visibility andaccessibility within a vibrant retail hub featuring Cinemark, Ashley Furniture, andPublix. Boasting flexible development options and underutilized parking, theproperty is ideal for retail, office, or medical uses. Listed at $7,000,000, thisimpressive property presents a rare investment opportunity in one of SouthFlorida's most sought-after commercial areas. - PrimeLocation: Strategically situated within a bustling commercial hub with high barriers to entry and increasing demand for retail, office, and medical spaces.- Flexible Development Options:- A 44,000SF site plan has already received approval from Cinemark.- New site plans up to 60,000 SF can be submitted for approval by Cinemark and the town of Davie.- Underutilized Parking: A recent parking study revealed that only 40% of parking spaces within the plaza are occupied during peak times, demonstrating significant capacity for development withoutcompromising existing operations for the current tenants or future development.- Restrictive Covenant with Cinemark: A covenant with Cinemark ensures adequate parking for the theater will be prioritized and restricts certain family entertainment uses such as bowling alleys and arcades- Shared Common Areas: While the subject property includes +/- 5 acres of Land, ownership also controls an additional +/ 17 acres surrounding the site. These areas, shared through easements with plazatenants, are managed and maintained by ownership, with tenants reimbursing their proportional costs. A Buyer may pursue all +/- 22 acres (see survey).

Listing Courtesy of Coldwell Banker Realty