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Downtown Creative Adaptive Reuse Opportunity 114 N Flagler Ave 7,694 SF Vacant Retail Building Pompano Beach, FL 33060 $1,575,000 ($204.70/SF)
INVESTMENT HIGHLIGHTS
- Attractive seller financing terms available: 30% down, 3-5 years, 6.5% interest "only", no prepay penalty
- Includes four installed grease traps, offering immediate functionality for restaurant or hospitality concepts
- Proximity to Pompano Beach Airpark — Only 1.2 miles away, serving as a convenient destination for business and leisure travelers
- Just off Atlantic Boulevard (±53,000 VPD) and North Dixie Highway (±30,800 VPD), providing excellent visibility and accessibility
- Two-Story Configuration — Ground floor: 15’1” ceiling height (3,847 SF); Second floor: 9’7” ceiling height (3,847 SF)
- Located in Pompano Beach’s rapidly revitalizing Old Town District- A growing, walkable mixed-use area attracting major residential & retail investment
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a prime mixed-use redevelopment site located in the heart of Downtown Pompano Beach at 114 N Flagler Ave Pompano Beach, FL.
The City of Pompano Beach has demonstrated a strong commitment to growth, investing heavily in infrastructure and public amenities. The property benefits from TO-DPOD zoning, a highly flexible mixed-use designation encouraging a blend of residential, commercial, and entertainment uses. This long-term initiative aims to attract new residents, businesses, and visitors through substantial public and private investment.
Directly across from the proposed Innovation District, which is the city’s most ambitious revitalization effort — a 75-acre master plan designed to transform the area into a vibrant, walkable hub featuring over 1,200 new apartments and 100,000+ square feet of commercial, hotel, and office space.
Located just off Atlantic Boulevard (±53,000 VPD) and North Dixie Highway (±30,800 VPD), the property enjoys excellent visibility and connectivity within the downtown core. With four existing grease traps and close proximity to major planned developments, this site is uniquely positioned to capitalize on the city’s ongoing redevelopment momentum and future growth.
The City of Pompano Beach has demonstrated a strong commitment to growth, investing heavily in infrastructure and public amenities. The property benefits from TO-DPOD zoning, a highly flexible mixed-use designation encouraging a blend of residential, commercial, and entertainment uses. This long-term initiative aims to attract new residents, businesses, and visitors through substantial public and private investment.
Directly across from the proposed Innovation District, which is the city’s most ambitious revitalization effort — a 75-acre master plan designed to transform the area into a vibrant, walkable hub featuring over 1,200 new apartments and 100,000+ square feet of commercial, hotel, and office space.
Located just off Atlantic Boulevard (±53,000 VPD) and North Dixie Highway (±30,800 VPD), the property enjoys excellent visibility and connectivity within the downtown core. With four existing grease traps and close proximity to major planned developments, this site is uniquely positioned to capitalize on the city’s ongoing redevelopment momentum and future growth.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
7,694 SF
Building Class
C
Year Built
1951
Price
$1,575,000
Price Per SF
$204.70
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.14 AC
Zoning
TO-DPOD - Transit-Oriented – Downtown Pompano Beach Overlay District
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-42-35-08-0150 | Improvements Assessment | $192,080 |
| Land Assessment | $124,220 | Total Assessment | $316,300 |
PROPERTY TAXES
Parcel Number
48-42-35-08-0150
Land Assessment
$124,220
Improvements Assessment
$192,080
Total Assessment
$316,300
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Downtown Creative Adaptive Reuse Opportunity | 114 N Flagler Ave
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