1,294 SF Commercial For Sale — $550,000 — 3000 N University Dr, Coral Springs – #82982

Executive Summary
Rare, turnkey opportunity to own a beautifully designed, fully equipped hair salon in the heart of Coral Springs.
Currently leased for 5 years with 2 additional 5 year options.
Rental Rate at $5,200/m
3% Annual Increases
Association dues approximately $950/m
Property Taxes at sale price approximately $529/m
Total NOI year 1 ~$44,000
First year Cap Rate ~8%
This spacious salon features 9 styling stations, along with 2 professional hair washing sinks providing the capacity to support a high-revenue operation or multiple stylists.
The layout also includes two private treatment rooms, perfect for esthetics, massage, facials, or nail services.
Great Location in Down Town Coral Springs near Modera's new twin apartment buildings and City Hall.

Allowed by right

Any use permitted in a B-1 District (Sec. 250567(1)) - the B-1 uses below are incorporated, Grocery stores, each limited to 20,000 sq ft [B-1 Sec. 250452(1), incorporated by 250567(1)], Stores for new merchandise sold to ultimate consumer, each up to 10,000 sq ft: hardware, bakery, dairy, meat market, dressed poultry shop, bookstore, newsstand, florist, gift/card shop, sundries, notions, tobacco products, antique stores, clothes, jewelry, arts and crafts, picture framing [250452(2)], Personal services up to 2,500 sq ft each: travel agency, barbershop, beauty shop, shoe repair, video rental, postal facilities, consumer electronic repair and small appliance repair, tailoring and alterations, photographic film pickup, laundromat (7am-11pm), dry cleaning for direct customer service, restaurant without drive-through [250452(3)], Print shop up to 2,500 sq ft (plate size 30x42 in; photocopy/diazo/fax/offset duplicator equipment) [250452(4)], Offices up to 20,000 sq ft each: professional, business, medical or dental offices or clinics [250452(5)], Banks and financial institutions, including drive-through, up to 20,000 sq ft each [250452(6)], Indoor commercial recreation limited to martial arts, dance and exercise studios, max 2,500 sq ft, one per commercial center [250452(7)], Nursery school or child center (30 ft from R lands; fenced play lot) [250452(8)], Institutions such as places of worship, libraries, museums and similar facilities [250452(9)], Personal and professional services, including small appliance repair and consumer electronic equipment repair [Sec. 250567(2)], Business and professional offices [250567(3)], Stores for sale of new merchandise, conducted solely within a building, directed primarily to the ultimate consumer [250567(4)], Stores for sale of antiques and used books, furniture and clothing [250567(5)], Dry cleaning establishment for direct service to customers, max 2,500 sq ft gross [250567(6)], Print shop (30x42 in plate; photocopy/diazo/fax/offset duplicator equipment; max 5,000 sq ft) [250567(7)], Indoor commercial recreation incl. assembly hall, night club, bar, tavern, restaurants serving beer/wine/alcohol, theater, bowling alley, miniature golf, skating rink, tennis, racquetball, handball, health clubs and fitness facilities [250567(8)], Amusement center (coin/token machines) only in an enclosed shopping center of 200,000+ sq ft, 500 ft from residential, 1,500 ft from schools, max 2,000 sq ft, one per center [250567(8)(a)-(g)], Theme restaurants [250567(10)], Outdoor commercial recreation limited to tennis, racquetball, squash, handball courts, pools, running tracks (parcel min 4 acres) [250567(11)], Restaurant, night clubs, lounge, and catering [250567(12)], Hotels, motels and time share units (min plot 2 acres; rooms min 300 sq ft) [250567(13)], Nursery schools or child care centers [250567(14)], Trade, professional or other schools conducted solely within a building [250567(15)], Private club, lodge, fraternity and similar uses [250567(16)], Veterinary and animal hospitals (min 2,500 sq ft, no exterior cages, no crematory, boarding ancillary) [250567(17)], Commercial marinas excluding dry-dock facilities [250567(18)], Public transportation dispatch or business office including taxi dispatch (no vehicle parking/storage/repair/depot) [250567(19)], Heliports, helistops and off-heliport landing sites per chapter requirements [250567(20)], Retail sales of swimming pool supplies (enclosed; no bulk Calcium Hypochlorite/Muriatic Acid; no pool maintenance/repair service) [250567(21)], Mixed-use developments per Sec. 250154 (may include certain community residences, recovery communities, congregate living) [250567(22)] - see also conditional 'certain mixed use developments', Corporate park uses, research facilities and laboratories per Sec. 250155 [250567(23)], Vehicle rental offices (max 15 rental vehicles on site, no fueling/service/car wash) [250567(25)]

With special approval

Certain mixed use developments as specified elsewhere in the chapter [Sec. 250568(1)], Buildings or structures exceeding the height limitation, up to 100 ft [250568(2)], Service stations (1 acre min lot, 200 ft frontage, noise and traffic studies; accessory automatic/hand car washes allowed under conditions) [250568(3)], Convenience stores (20,000 sq ft min lot, 150 ft frontage, 65 ft building setback, noise and traffic studies) [250568(4)], Fast food restaurants (noise study and traffic study required) [250568(5)], Large scale retail establishments or combinations in a single building with footprint over 40,000 sq ft [250568(6)], Public or private elementary, junior or senior high schools [250568(7)], Pain management clinics (conditional even where medical clinics/doctors' offices are permitted) [250568(9)], Pharmacies and medical marijuana dispensing facilities not accessory to retail stores exceeding 10,000 sq ft (500 ft separations from schools/parks/worship and each other; surveys required) [250568(10)]