NAI Miami Commercial Real Estate Services, Worldwide has been named exclusive agents to market one of the last known undeveloped large land parcels in Broward County.
“The 42+ acre Cocomar Land parcel has several unique features” stated Stephen Nostrand, CEO/COO of NAI Miami. “It is a large, contiguous size that can accommodate many uses in the retail, entertainment, sports and education commercial real estate sectors. Furthermore, the location of the property is very advantageous. It has easy access to West Atlantic Boulevard, Lyons Road and the Florida Turnpike. This will draw prominent commercial customers from both Broward and Palm Beach Counties.”
“We are truly excited to be part of this integral project benefiting the Broward County community”, said Robert Eckstein, Director at NAI Miami. “With our deep local knowledge of South Florida’s commercial community, we are confident we will find the right buyers for this property.”
The property is currently undeveloped with prior and current approvals for 319,249 total square feet. The daily traffic counts include over 51,000 cars per day on Atlantic Boulevard (2,400 feet of frontage) and 24,000 cars per day on Lyons Road (1,300 feet of frontage).
The asking price is $32 million or $761,904 per acre.
Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.