1 acre development site€¦ · all cash loans type debt term amortization rate payment lo costs...

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Each office is independently owned and operated. Sponsored By: Each office independently owned and operated 1 Acre Development Site 4901 County Line Rd | Pembroke Park, FL 33023 JOHN DEMARCO, ACP, CCIM 954-453-1000 [email protected] 1.03 Acre site RM-16A and S-1 zoning, permits 16 residential units, or special use buildings such as church or non-profit uses Located in rapidly growing area of Pembroke Park, join nearby developer Lennar and several others Close proximity to 95, Aventura, and North Miami RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL 33020 (954) 361-0000 www.DeMarcoGroup.com

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Page 1: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

Each office is independently owned and operated.

Sponsored By:

Each office independently owned and operated

1 Acre Development Site4901 County Line Rd | Pembroke Park, FL 33023

JOHN DEMARCO, ACP, [email protected]

1.03 Acre site ➢

RM-16A and S-1 zoning, permits 16 residential units, or special use buildings such aschurch or non-profit uses

Located in rapidly growing area of Pembroke Park, join nearby developer Lennar andseveral others

Close proximity to 95, Aventura, and North Miami ➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

Page 2: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

INVESTMENT DETAILS4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date July 2019

PROPERTY

Property Type Land

Property 1 Acre Development Site

Property Address 4901 County Line Rd, Pembroke Park, FL 33023

PURCHASE INFORMATION

Purchase Price $985,000

Lot Size 45,272 sf

INCOME & EXPENSES

FINANCIAL INFORMATION

All Cash

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

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Page 3: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

PROPERTY DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

    John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 4901 S county-line rd, Pembroke ParkFlorida. This 1-acre development site located in a fast-growing area of Pembroke Park. It is in close proximity to I-95,Aventura, and North Miami. The subject property is well situated near new residential condos, townhouses, and multi-family rental projects. Lennar homes, one of the largest developers in South Florida, is near completion of a large single-family homes project of 690 houses just down the street. There is a planned elementary school near-by as well.

   The subject property is currently zoned S-1, which allows civic uses, and religious uses. The zoning can beadministratively changed back to RM-16 which would allow 16 residential units.

   Excellent investment opportunity for any size developer or religious organization.

    

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Page 4: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

PROPERTY PHOTOS4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 4

Page 5: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

PROPERTY PHOTOS4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 5

Page 6: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

PROPERTY INFORMATION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

DEVELOPMENT OPPORTUNITY NEAR AVENTURA, FL Address: 4901 County Line Rd, Pembroke Park, FL 33023 Miami-Ft. Lauderdale metro area Folio #: 5142 30 13 0170 Broward County The lot area is 45,343 square feet. A former 181-acre golf course, Miami-Dade county's largest tract of undeveloped land zoned for residential, is now being developed having major impact on the area

• New residential construction: on the former golf course purchased a year ago by giant homebuilder Lennar (NYSE: LEN) the company is building VIA VENTURA (690 units). On the adjacent property there is another big residential community being built, MILA (1,290 units), is almost completed.

• A new Miami-Dade County Elementary School, included in the School Board's 5-year plan, with construction scheduled to start within the next two years. The school site was given to the School Board of Miami Dade County as part of the development agreement for MILA.

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Page 7: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

PROPERTY INFORMATION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

LOCAL AREA

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Page 8: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

PROPERTY INFORMATION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

AERIAL VIEW

Aerial view of the property facing south towards Miami Dade county

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Page 9: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

SURVEY4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

P. 9

Page 10: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

DIVISION 7. - S-1 CIVIC AND RECREATIONAL DISTRICT

Sec. 28-231. - Intent.

The S-1 Civic and Recreational District is intended for outdoor sports and recreational activities in which the participants are actively engaged, but which may also provide entertainment for spectators. The activities for which the S-1 District is provided are normally and primarily conducted in the open air, while related accessory uses may be in the open air or in a building or structure. The functional characteristics of an S-1 District may require its location within, or in close relationship to, residential areas, public recreational areas or scenic areas. Because of the nature of uses involved and the variety of arrangement of uses and facilities on the site plan of development, broad general regulations for plot size, yards, setbacks and height must be adequate for any location at which an S-1 District may be established. This district is also intended for public-type buildings and areas such as parks, city hall, police and fire departments and other related municipal or governmental functions.

(Ord. No. 63-5-1, § 14(a), 5-1-63)

Sec. 28-232. - Permitted uses.

In the S-1 Civic and Recreational District, no building or structure, or part thereof, shall be erected, altered or used, or land or water used, in whole or in part, for other than one (1) or more of the following specified uses, subject to the procedure specified in this division:

(1) Archery range;

(2) Baseball driving range;

(3) Bathing beach;

(4) Boat anchorage;

(5) Boat dock;

(6) Boat launching facility;

(7) Cabanas;

(8) Country club;

(9) Golf course;

(10) Golf driving range;

(11) Lawn bowling;

(12) Miniature golf course;

(13) Shuffleboard court;

(14) Stadium;

(15) Swimming pool;

(16) Tennis courts;

(17) Social, athletic, neighborhood or community club;

(18) Public and/or private schools;

(19) Churches;

(20) Playgrounds;

[See next page]

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Page 11: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

(21) Accessory uses.

(Ord. No. 63-5-1, § 14(b), 5-1-63)

Sec. 28-233. - Prohibited uses.

The permissible uses enumerated in the preceding section for the S-1 Civic and Recreational District shall not be construed to include, either as a principal or accessory use, any of the following which are listed for emphasis:

(1) Any business or commercial use not permitted as a principal use, except when meeting requirements of an accessory use;

(2) Any industrial or manufacturing use;

(3) Drive-in theatre, drive-in restaurant or drive-in refreshment stand.

(Ord. No. 63-5-1, § 14(c), 5-1-63)

Sec. 28-234. - Arrangement, location of uses.

The site development plan for a plot in an S-1 Civic and Recreational District shall provide for such an arrangement and location of uses and facilities on the plot as to give maximum possible separation from, and protection to, contiguous and nearby residential property. Where the nature of the activities or facilities on the plot present any potential hazard or detriment to contiguous residential properties from noise, glare, odors, smoke, vibration, flying objects or traffic, protection to such contiguous residential properties shall be provided in the form of open space, fences, walls, hedges, enclosures and/or by such other means as may be appropriate and effective to prevent or minimize such hazards.

(Ord. No. 63-5-1, § 14(d), 5-1-63)

Sec. 28-235. - Landscaping.

In the S-1 Civic and Recreational District all required yards and open spaces adjacent to streets and contiguous to residential property shall be planted and properly maintained with suitable planting in form of grass, shrubs, hedges and trees to present an attractive appearance appropriate to the neighborhood.

(Ord. No. 63-5-1, § 14(e), 5-1-63)

Sec. 28-236. - Height of structures.

In the S-1 Civic and Recreational District, no building or structure, or part thereof, shall be erected or altered to a height exceeding fifty (50) feet.

(Ord. No. 63-5-1, § 14(f), 5-1-63)

Sec. 28-237. - Minimum plot size.

In the S-1 Civic and Recreational District, every plot shall be not less than two hundred (200) feet in width and forty thousand (40,000) square feet in area.

(Ord. No. 63-5-1, § 14(g), 5-1-63)

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Page 12: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Sec. 28-238. - Proximity of facilities.

In the S-1 Civic and Recreational District, no parking area shall be located within ten (10) feet of any residentially or trailer park zoned property nor within twenty-five (25) feet of any street line. No structure, except fences or walls as hereinafter provided, shall be located within twenty (20) feet of any residentially or trailer park zoned property nor within twenty-five (25) feet of any street line. No building or roofed portion of any structure shall be located within twenty-five (25) feet of any plot line. No required open space, yard or setback area shall be used or developed for any purpose other than by landscaping and by the minimum amount of walkways and/or driveways reasonably necessary to serve the permitted S-1 uses.

(Ord. No. 63-5-1, § 14(h), 5-1-63)

Sec. 28-239. - Fences, walls, screens.

In the S-1 Civic and Recreational District, no fence or wall shall be erected within twenty-five (25) feet of any street line. See Article IV, Division 4, for applicable regulations for fence, wall and hedge heights, placement and design.

(Ord. No. 63-5-1, § 14(i), 5-1-63; Ord. No. 11-12-01, § 1, 12-7-11)

Secs. 28-240—28-255. - Reserved.

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Page 13: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

DIVISION 3. - RM-16A MEDIUM DENSITY RESIDENTIAL DISTRICT[6]

Footnotes:

--- (6) ---

Editor's note— Ord. No. 08-03-01, § 1, adopted Mar. 12, 2008, changed the title of Div. 3 from RM-16 Medium Density Multiple-Family Residential District to RM-16A Medium Density Residential District.

Editor's note— Ord. No. 97-3-1, § 1, adopted Mar. 12, 1997, enacted provisions designated as Div. 3, §§ 28-131—28-147. Such sections have been redesignated as §§ 28-121—28-138 in order to avoid duplicate section numbers. See Div. 4.

Sec. 28-120. - Purpose and intent.

The RM-16A Medium Density Residential District is intended primarily for use as residential, however, certain other uses may be permitted as a conditional use. This zoning district is intended primarily for the southwestern area of the current Town of Pembroke Park that was previously within the former Town of Hollywood Ridge Farms. Preferred development structures include multifamily dwelling uses such as multi-story mid-rises, 2-story garden apartments, townhouses, villas and other attached units. However, detached single-family dwelling units and landscape nurseries are permitted as well and are consistent with the Medium (10-16 DUA) Residential category depicted on the Town's adopted Comprehensive Plan Future Land Use Map (FLUM).

(Ord. No. 08-03-01, § 2, 3-12-08)

Sec. 28-121. - Permitted uses.

No building or structure, or part thereof, shall be erected, altered, or used, or land or water used, in whole or in part, for other than one (1) or more of the following specified uses:

(a) Multiple dwellings including villas and patio homes.

(b) Any use permitted in the R-5 Zoning District subject to the limitations, requirements and procedures specified in the zoning ordinance for such use in that zoning district.

(c) Zero lot line dwellings.

(d) Uses accessory to any of the above uses when located on the same plot.

(Ord. No. 97-3-1, § 1, 3-12-97; Ord. No. 08-03-01, § 3, 3-12-08)

Sec. 28-122. - Conditional uses.

The following uses shall only be conditionally permitted subject to the procedures and requirements provided elsewhere in this chapter.

(1) Nursery schools or child centers, subject to the following standards:

a. Buildings shall be located at least thirty (30) feet from any property line.

b. Nursery schools or child care centers shall have at least one (1) completely fenced and secure play lot which shall be established, maintained and used for children at play. The fence shall be not less than five (5) feet in height.

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Page 14: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

c. Play lots located closer than fifty (50) feet to the plot line shall be screened by an opaque fence or wall or compact evergreen hedge not less than five (5) feet in height.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-123. - Minimum size of plot.

Every plot shall have a minimum size of one acre with a minimum width of one hundred (100) feet.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-124. - Maximum plot coverage.

The maximum combined area occupied by all main and accessory structures shall be thirty (30) percent for buildings three (3) stories and under; maximum coverage for four-story buildings shall be twenty-eight (28) percent.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-125. - Maximum height of buildings.

No building or structure, or part thereof, shall be erected or altered to a height exceeding forty-five (45) feet with a maximum of four (4) stories.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-126. - Minimum front yard.

(a) Residential uses: Every plot used for dwelling purposes shall have a front yard of not less than fifty (50) feet in depth if abutting an arterial roadway, as depicted on the Broward County Trafficways Plan, or not less than twenty-five (25) feet in depth or depth equal to the height of the building, whichever is greater.

(b) Nonresidential uses: Every plot whose principal use is nonresidential shall have a front yard of not less than thirty (30) feet in depth or a depth equal to the height of the building, whichever is greater.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-127. - Minimum side yards.

For the purpose of applying the side yard requirements which follow, "abut" or "abutting" shall mean that the RM zone plot adjoins or is across a water body or local street from any R-5 zoned plot.

(a) Residential uses that do not abut an R-5 zoned plot: Such plots shall have a side yard, on each side which does not abut an R-5 zoned plot, of at least fifteen (15) feet or one-half (1/2) of the height of the building, whichever is greater.

(b) Nonresidential uses that do not abut an R-5 zoned plot: Such plots shall have a side yard, on each side which does not abut an R-5 zoned plot, of at least twenty (20) feet plus one (1) foot for each two (2) feet of building height, or portion thereof, over twenty (20) feet.

(c) Residential or nonresidential uses on each side abutting an R-5 zoned plot: Such plots shall have the following side yard setbacks:

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Page 15: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

(1) Not less than twenty (20) feet in depth plus one (1) foot for each two (2) feet in building height over twenty (20) feet for nonresidential uses.

(2) Not less than fifteen (15) feet in depth for residential uses.

(Ord. No. 97-3-1, § 1, 3-12-97; Ord. No. 08-03-01, § 4, 3-12-08)

Sec. 28-128. - Minimum rear yard.

For the purpose of applying the rear yard requirements which follow, "abut" or "abutting" shall mean that the RM zoned plot adjoins or is across a water body or local street from any R-5 zoned plot.

(a) Residential uses that do not abut an R-5 zoned plot: Such plots shall have a rear yard of not less than twenty (20) feet in depth plus one (1) foot for each two (2) feet in building height, or portion thereof, over twenty (20) feet.

(b) Nonresidential uses that do not abut an R-5 zoned plot: Such plots shall have a rear yard of not less than twenty-five (25) feet plus one (1) foot for each two (2) feet of building height, or portion thereof, over twenty (20) feet.

(c) Residential or nonresidential uses abutting an R-5 zoned plot: Such plots shall have the following rear yard setbacks:

(1) Not less than twenty-five (25) feet in depth plus one (1) foot for each two (2) feet in building height over twenty (20) feet for nonresidential uses.

(2) Not less than twenty (20) feet in depth for residential uses plus one (1) foot for each two (2) feet in building height over twenty (20) feet.

(Ord. No. 97-3-1, § 1, 3-12-97; Ord. No. 08-03-01, § 5, 3-12-08)

Sec. 28-129. - Minimum street yards (corner plots).

All side or rear yards that abut any street shall have a minimum dimension which is the greater of the front yard or the applicable side or rear yard requirement.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-130. - Prohibition of vehicular use areas in required yards.

(a) Vehicular use shall not be located within the first ten (10) feet of a required front yard on all plots and shall not be located within five (5) feet of a required side yard and five (5) feet of a required rear yard.

(b) No vehicular encroachment, other than necessary access ways, shall be permitted within the above required setbacks or a required buffer.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-131. - Minimum separation of any building from any vehicular use area.

A vehicular use area shall be separated from any building by at least a ten-foot unpaved landscape area. Perpendicular sidewalks leading to building entrances may be located in this area.

(Ord. No. 97-3-1, § 1, 3-12-97)

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Page 16: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Sec. 28-132. - Maximum building length.

No building or structure shall be erected or altered to a length greater than two hundred (200) feet.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-133. - Minimum distance between buildings and building orientations.

(a) Standard building separations. Buildings shall be separated by at least twenty (20) feet at the closest point or by the sum of the building heights divided by two (2), whichever is greater.

(b) Special building separations:

(1) Buildings arranged in a lineal form with a combined length in excess of four hundred (400) feet shall have a minimum separation twice the distance specified in subsection (a) of this section. Where buildings are back-to-back, front-to-front, or front-to-back, the minimum distance between any two (2) buildings so situated shall be the greater of twenty (20) feet or the sum of the building heights divided by two (2). However, the average separation between such buildings shall not be less than forty (40) feet.

(2) When buildings arranged in a lineal form are staggered by a minimum offset of five (5) percent of the combined building lengths or where the buildings are arranged to form a angle greater than fifteen (15) degrees end-to-end, the lineal standards shall not be applied.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-134. - Minimum landscaped open space.

Each plot of less than one and one-half (1.5) acres in total area shall provide at least forty (40) percent of its area in landscaped open space. Each plot greater than or equal to one and one-half (1.5) acres in total area shall provide at least forty-five (45) percent of its area in landscaped open space. For the purpose of this section, recreation facilities, (i.e. tot lots, swimming pools, etc.) shall be considered landscaped open space.

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-135. - Minimum useable open space.

(a) Plots shall contain a minimum useable open space of six and one-half (6½) percent of the plot area.

(b) Multifamily developments of three (3) acres or more in size shall provide a play lot with play equipment designed for children ages two (2) through six (6). Said play lot shall have at least fifteen (15) square feet or area for each dwelling unit with two (2) or more bedrooms. The minimum size for any play lot shall be seven hundred fifty (750) square feet. The play lot shall be located away from streets, lakes or canals and shall be fenced. The multifamily development shall locate the play lot in an area which is not directly adjoining or across a water body from any R-5 or T-1 zoned plot unless it is impractical, as determined by the Town Commission, or the multifamily development employs other site planning criteria such as increased and staggered plantings between the R-5 or T-1 zoned plot and the play lot to reduce noise. The play lot and equipment shall be constructed in accordance with the United States Consumer Products Safety Commission guidelines. A plot may use all or a portion of its useable open space requirements to satisfy the requirement to provide a play lot. However, the requirement for a plot lot will not be applied to multifamily developments, or those portions of a multifamily development, restricted by deed, a notation on the face of the plat or other recorded instrument which in the opinion of the Town Attorney creates said restriction to adults.

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ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

(c) For the purpose of the section, recreation facilities (i.e. tot lots, swimming pools, etc.) shall be considered useable open space.

The development shall locate any game courts in an area which is not directly adjoining or across a water body or local street from any R-5 or T-1 zoned plot, unless it is impractical, as determined by the Town Commission, or the multifamily development employs other site planning criteria such as increased and staggered plantings between the R-5 or T-1 zoned plot and the game courts to reduce noise.

(Ord. No. 97-3-1, § 1, 3-12-97; Ord. No. 08-03-01, § 6, 3-12-08)

Sec. 28-136. - Minimum floor area.

The minimum floor area of a one-family dwelling unit shall not be less than one thousand two hundred (1,200) square feet and the minimum floor area of dwelling unit in a two-family dwelling (duplex) shall be not less than eight hundred (800) square feet.

The minimum floor area of a dwelling unit in a multiple family dwelling shall not be less than as follows:

Dwelling Unit Type Minimum Floor Area (square feet)

(1) Efficiency unit ..... 550

(2) One-bedroom unit ..... 750

(3) Two-bedroom unit ..... 900

(4) For each additional bedroom in excess of two (2) ..... add 150

(Ord. No. 97-3-1, § 1, 3-12-97)

Sec. 28-137. - Limitation on number of dwelling units per gross acre.

Each plot or portion of a plot which is zoned RM-16A shall not exceed a density of sixteen (16) dwelling units per gross acre provided the requirements of the Code of Ordinances (and the Land Development Code) and Comprehensive Plan are satisfied or the Town Commission authorizes the use of reserve or flexibility units, if required.

(Ord. No. 97-3-1, § 1, 3-12-97; Ord. No. 08-03-01, § 7, 3-12-08)

Sec. 28-138. - Required perimeter buffering adjacent to streets and abutting properties.

When an RM-16A zoned plot abuts or is across a water body or street from any R-5 or T-1 zoned plot, a buffer area shall be required on the RM-16A zoned property which satisfies one of the following criteria:

(a) When a wall or berm is used: The buffer area shall include a solid opaque screen with a minimum height of four (4) feet and a maximum height of six (6) feet. The minimum width of the buffer area shall be fifteen (15) feet where abutting any R-5, T-1 or similarly zoned plot and ten (10) feet where abutting any other zoned plot. This option may be used without placing a solid opaque screen on the RM-16A zoned plot if the abutting plot has a minimum four-foot high solid opaque screen between the plots.

(b) When a wall or berm is not used: The minimum width of any such buffer shall be fifteen (15) feet to screen adjoining streets, parking lots, other vehicle use areas or single story buildings. Where

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Page 18: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

ZONING DESCRIPTION4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

there is no vehicle uses area between a building and the plot line abutting any R-5, T-1 or similarly zoned plot, then the minimum width of the buffer shall be fifteen (15) feet in width.

(Ord. No. 97-3-1, § 1, 3-12-97; Ord. No. 08-03-01, § 8, 3-12-08)

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Page 19: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

1 4231 N 58th Ave SOLD

Hollywood, FL 33021 Broward County

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$1,230,769.23 ($28.25/SF)$1,600,000 - Confirmed11/08/2018 (594 days on mkt) Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

--

Parcel No:Financing:

51-41-01-00-0040-

Confirmed

1.30 AC (56,628 SF)-MultiFamily

RM-12-

$/AC Land Gross:

4573010Comp ID:

2 2800 NE 214 St - Aventura Medical Land SOLD

Aventura, FL 33180 Miami/Dade County

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$972,824.70 ($22.33/SF)$1,584,525 - Confirmed05/11/2018 Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

--

Parcel No:Financing:

28-1234-004-1000, 28-1234-004-1080, 28-1234-004-1100, 28-1234-004-1110 [Partial List]-

Confirmed

1.63 AC (71,003 SF)-Commercial ...

Medical Office District-

$/AC Land Gross:

4324377Comp ID:

3 ANSIN Blvd @ NW 3rd Street - City of Hallandale Beach Industrial land SOLD

Hallandale Beach, FL 33009 Broward County

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$1,131,390.66 ($25.97/SF)$3,100,000 - Confirmed07/19/2018 (119 days on mkt) Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

--

Parcel No:Financing:

51-42-28-66-0010-

Confirmed

2.74 AC (119,354 SF)-Parking Lot ...

B-I-

$/AC Land Gross:

4457166Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 2/20/2019

Page 1

Page 20: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

4 605 Pembroke Rd - PEMBROKE RD SOLD

Hallandale Beach, FL 33009 Broward County

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$870,942.18 ($19.99/SF)$270,00007/23/2018 (2824 days on mkt) Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

-Level

Parcel No:Financing:

--

Public Record

0.31 AC (13,504 SF)-Commercial ...

Business-

$/AC Land Gross:

4433053Comp ID:

5 2209 S State Road 7 - 441 / State Rd 7 development opportunity SOLD

West Park, FL 33023 Broward County

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$1,209,129.46 ($27.76/SF)$540,00012/20/2018 Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

--

Parcel No:Financing:

51-41-24-02-0060-

Public Record

0.45 AC (19,602 SF)--

B-3-

$/AC Land Gross:

4638450Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 2/20/2019

Page 2

Page 21: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

Dollar Volume

Legend:

Current Survey

Sold Transactions5

$7,094,525Number of TransactionsTotal Dollar Volume

06.43

Total Bldg Square FeetTotal Land in Acres

280,091$1,418,905

Total Land in SFAverage Price

0-

Average Number of SFAverage Price Per Bldg SF

-1.29

Median Price Per SFAverage Number of Acres

56,018-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

$1,103,348$25.33

Average Price Per AcreAverage Price Per SF(Land)

SoldTransactions

$1,131,387Median Price Per Acre

$25.97Median Price Per SF(Land)

Time Interval - Quarterly

Report Time Frame: 4/1/2018 - 2/20/2019

Trend Report

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 2/20/2019

Page 3

Page 22: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

Trend Report

Sold Transaction

2Q18 04/1-6/30/18 4Q18 10/1-12/31/18

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)

3Q18 07/1-9/30/18

Sold TransactionSold Transaction

1$1,584,525

01.63

71,003$1,584,525

0--

1.6371,003

---

$972,101$22.32

$972,101$22.32

2$3,370,000

03.05

132,858$1,685,000

0--

1.5366,429

---

$1,104,918$25.37

$1,001,177$22.98

2$2,140,000

01.75

76,230$1,070,000

0--

0.8838,115

---

$1,222,857$28.07

$1,215,385$27.90

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 2/20/2019

Page 4

Page 23: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

LOCATION MAP4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 23

Page 24: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

DEMOGRAPHICS4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Mile 5 Mile

Male 12,665 (46.83 %) 88,447 (47.34 %) 242,554 (47.44 %)

Female 14,379 (53.17 %) 98,395 (52.66 %) 268,773 (52.56 %)

Total Population 27,044 186,842 511,327

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 1,759 (6.50 %) 11,180 (5.98 %) 28,260 (5.53 %)

Ages 5-9 2,190 (8.10 %) 13,995 (7.49 %) 35,548 (6.95 %)

Ages 10-14 2,026 (7.49 %) 13,123 (7.02 %) 33,353 (6.95 %)

Ages 15-19 1,911 (7.07 %) 12,677 (6.78 %) 31,972 (6.25 %)

Ages 20-24 1,939 (7.17 %) 12,770 (6.83 %) 31,987 (6.26 %)

Ages 25-29 1,889 (6.98 %) 12,488 (6.68 %) 31,618 (6.18 %)

Ages 30-34 1,857 (6.87 %) 12,053 (6.45 %) 31,355 (6.13 %)

Ages 35-39 1,845 (6.82 %) 11,926 (6.38 %) 32,010 (6.26 %)

Ages 40-44 1,903 (7.04 %) 12,280 (6.57 %) 33,760 (6.60 %)

Ages 45-49 1,932 (7.14 %) 12,749 (6.82 %) 35,253 (6.89 %)

Ages 50-54 1,813 (6.70 %) 12,477 (6.68 %) 34,474 (6.74 %)

Ages 55-59 1,561 (5.77 %) 11,450 (6.13 %) 32,048 (6.27 %)

Ages 60-64 1,266 (4.68 %) 9,863 (5.28 %) 28,177 (5.51 %)

Ages 65-69 977 (3.61 %) 7,953 (4.26 %) 23,413 (4.58 %)

Ages 70-74 728 (2.69 %) 6,189 (3.31 %) 19,115 (3.74 %)

Ages 75-79 513 (1.90 %) 4,533 (2.43 %) 15,161 (2.97 %)

Ages 80-84 338 (1.25 %) 3,046 (1.63 %) 11,301 (2.21 %)

Ages 85+ 597 (2.21 %) 6,090 (3.26 %) 22,522 (4.40 %)

P. 24

Page 25: 1 Acre Development Site€¦ · All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash P. 2. PROPERTY DESCRIPTION 4901 County Line Rd | Pembroke Park, FL 33023

DEMOGRAPHICS4901 County Line Rd | Pembroke Park, FL 33023

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Household Income 1 Mile 3 Mile 5 Mile

Median Income $52,887 $48,030 $48,098

Less than $10,000 654 5,599 16,561

$10,000 -$14,999 504 3,948 12,313

$15,000 - $19,999 549 4,081 11,827

$20,000 -$24,999 457 4,109 11,584

$25,000 - $29,999 633 4,717 12,629

$30,000 - $34,999 494 4,175 11,643

$35,000 - $39,999 548 4,241 11,365

$40,000 - $44,999 404 3,287 10,443

$45,000 - $49,999 636 3,555 9,648

$50,000 - $59,999 1,222 6,304 16,774

$60,000 - $74,999 1,205 7,352 20,454

$75,000 - $99,999 1,088 7,343 20,747

$100,000 - $124,999 537 3,624 11,643

$125,000 - $149,999 209 1,726 5,642

$150,000 - $199,999 74 1,339 5,434

Greater than $200,000 74 1,062 5,768

Housing 1 Mile 3 Mile 5 Mile

Housing Units 9,964 77,093 244,376

Occupied Units 9,117 68,080 198,616

Owner Occupied Units 5,901 43,235 121,889

Renter Occupied Units 3,216 24,845 76,727

Vacant Units 847 9,013 45,760

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 9,610 79,514 262,836

Population Black 15,441 94,452 214,894

Population Am In/Ak Nat 15 35 541

P. 25