Laserfiche WebLink
<br />Site SizelFrontage <br /> <br />The sale sites range in size from 37,165 square feet to 223 ,027 square feet. The subject site <br />containing 49,830 square feet is at the low end of the range of the sizes of the sales. Typically, <br />smaller sites sell at higher unit prices because a smaller site requires less absolute dollars to purchase <br />and there are less holding costs and reduced risks to a development on a smaller site. <br /> <br />Zoning <br /> <br />The subject site and six of the seven sales are zoned MU-R, Mixed-Use - Resort District. Sale 3 <br />located in Bal Harbour has a similar zoning classification and highest and best use. No adjustment <br />for zoning is considered necessary. <br /> <br />Conclusion <br /> <br />Based on a careful analysis of the land sales, the subject property is estimated to have a value of <br />$300.00 per square foot of land area and $80.00 per square foot of buildable area. <br /> <br />Land Area <br /> <br />49,830 Square Feet x $300.00 per Square Feet <br /> <br />$14,949,000 <br /> <br />Rounded <br /> <br />$14,950,000 <br /> <br />Buildable Area <br /> <br />189,354 Square Feet x $80.00 per Square Feet <br /> <br />$15,148,320 <br /> <br />Rounded <br /> <br />$15,150,000 <br /> <br />Land Value Conclusion <br /> <br />$15,000,000 <br /> <br />QUINLIVAN APPRAISAL <br /> <br />38 <br />