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UNIQUE RAC-2 OPPORTUNITY IN DAVIE | $689, 000. 6, 003 SF lot zoned for mixed-use: Ideal for Multifamily, Hotel, or Commercial. Minimal 15-foot setback to maximize the buildable area. Prime Location: 2 blocks from the Turnpike (Davie/Ft. Lauderdale exit), featuring +72, 600 VPD traffic count. Surrounded by Nova University, Broward College, and the Rodeo Arena. Land Report available. IMPORTANT: Attached images are conceptual renders only. The number "5501" on the survey/render is a surveyor's reference; the lot has NO city-assigned address yet, and it is NOT the property 5501 SW 45th St with different owners. FULL LAND DETAILS: A UNIQUE RAC-2 DEVELOPMENT OPPORTUNITY!1. KEY PROPERTY HIGHLIGHTS: Zoning: RAC-2 (Regional Activity Center - Mixed Use). Allows for flexible vertical and horizontal mixed-use development. Lot Size: 6, 003 SF. Traffic Count: High volume, over 72, 600 VPD (Vehicles Per Day) in the immediate corridor. Setbacks: Minimal building setbacks of only 15 feet (Front, Left, and Right), maximizing the buildable area and density potential. Location: Two blocks from the Florida Turnpike exit (Davie/Ft. Lauderdale). 2. PERMITTED USES (RAC-2): The zoning is extremely flexible and includes, but is not limited to: Multifamily Dwellings (Apartments), Hotels and Lodging, Retail and Commercial Uses, Restaurants and Services, Professional and Medical Offices, Banks and Financial Services. 3. IMPORTANT CLARIFICATIONS & DISCLAIMER: Agent/Owner Status: The Listing Agent, Noris Izarra, is also the Owner of the subject property. She is not selling through a developer. All communications and offers must be directed to her as the Listing Agent. Images: The attached images are Conceptual Renders Only to illustrate the potential development possibilities under the RAC-2 zoning. They are not representations of the current state of the lot. Address: The number "5501" seen on the survey or renders is a provisional reference assigned by the surveyor, as the Town of Davie does not assign an official street address until construction commences. This lot is NOT the property at 5501 SW 45th St, Davie, FL 33314, which is under different ownership. Due Diligence: All information provided (including zoning, uses, density, and setbacks) is deemed accurate but NOT guaranteed. The buyer and their agent are responsible for performing their own due diligence and verifying all details with the Town of Davie prior to purchase. 4. DOCUMENTATION: A Comprehensive Land Report detailing uses, comparables, and location analysis is attached in the MLS system for your review.
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$689,000
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $551,200 | $551,200 | $551,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.697% | 6.650% | 5.992% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,349 | $3,484 | $4,577 |
| Total Monthly Payment | $3,441 | $3,576 | $4,669 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.