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Multi-Tenant Retail on Dixie 2025 N Dixie Hwy 26,808 SF 100% Leased Retail Building Pompano Beach, FL 33060 $8,000,000 ($298.42/SF) 5% Cap Rate
Investment Highlights
- Live-Local High-Rise Redevelopment Site on US-1 (N Dixie Hwy) in Pompano Beach
- Supports 120-140 Units and up to 8–10 stories high by right under Live Local
- Great retail/Office building 100% leased
- 1.54-Acre B-3 Zoned Assemblage eligible for unlimited residential density and increased FAR
- Entitlement-Ready Live Local Development Opportunity
Executive Summary
City Zoning Confirmation Supporting Residential Density Under Live Local
Cash-flowing $570K+ in annual income with “105-ft mixed-use development by right under Live Local” 8 to 10 stories high on North Dixie Highway (SR-811) in Pompano Beach. ±1.54 acres with 26,808 SF of existing improvements generating $570K+ in annual income, while supporting a future 140-unit residential project under Florida’s Live Local Act. Beyond redevelopment density, the asset offers near-term cap-rate compression through tenant upside. Current in-place rents average ~$21/SF, materially below documented market leases in the $28–$35/SF range, creating a clear path to income growth through renewals and re-tenanting. This is not a retail acquisition. Developers are buying time, entitlement certainty, unit yield, and income growth. The property pays for its own entitlements while value is enhanced on both the income and development fronts.
Cash-flowing $570K+ in annual income with “105-ft mixed-use development by right under Live Local” 8 to 10 stories high on North Dixie Highway (SR-811) in Pompano Beach. ±1.54 acres with 26,808 SF of existing improvements generating $570K+ in annual income, while supporting a future 140-unit residential project under Florida’s Live Local Act. Beyond redevelopment density, the asset offers near-term cap-rate compression through tenant upside. Current in-place rents average ~$21/SF, materially below documented market leases in the $28–$35/SF range, creating a clear path to income growth through renewals and re-tenanting. This is not a retail acquisition. Developers are buying time, entitlement certainty, unit yield, and income growth. The property pays for its own entitlements while value is enhanced on both the income and development fronts.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2027) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$663,713
|
$36.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$663,713
|
$36.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$208,993
|
$11.34
|
| Net Operating Income |
$454,720
|
$24.67
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income | |
|---|---|
| Annual | $663,713 |
| Annual Per SF | $36.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $663,713 |
| Annual Per SF | $36.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $208,993 |
| Annual Per SF | $11.34 |
| Net Operating Income | |
|---|---|
| Annual | $454,720 |
| Annual Per SF | $24.67 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
26,808 SF
Building Class
C
Year Built
1989
Price
$8,000,000
Price Per SF
$298.42
Cap Rate
5%
NOI
$400,369
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
1.54 AC
Zoning
B-3 - Significant Density Upside Under Florida’s Live Local ActProperty supports a future 140 - unit residential development, subject to Live Local Act para
Parking
60 Spaces (2.24 Spaces per 1,000 SF Leased)
Frontage
240’ on Dixie Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Eglise Evangelique Bapt Triomphe
- -
- -
- -
- -
- Fashion Barber Shop
- Services
- -
- -
- -
- Gjr Innovative Designer Inc
- Public Administration
- -
- -
- -
- Go Vodka Experience Drinks LLC
- Wholesaler
- -
- -
- -
- Iglesia Apostolica Roca De Salvacion
- -
- -
- -
- -
- Income Tax - Immigration
- -
- -
- -
- -
- Jojo Mini Market
- Retailer
- -
- -
- -
- Silo
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Eglise Evangelique Bapt Triomphe | - | - | - | - | ||
| Fashion Barber Shop | Services | - | - | - | ||
| Gjr Innovative Designer Inc | Public Administration | - | - | - | ||
| Go Vodka Experience Drinks LLC | Wholesaler | - | - | - | ||
| Iglesia Apostolica Roca De Salvacion | - | - | - | - | ||
| Income Tax - Immigration | - | - | - | - | ||
| Jojo Mini Market | Retailer | - | - | - | ||
| Silo | - | - | - | - |
Property Taxes
| Parcel Number | 48-42-26-21-0010 | Improvements Assessment | $1,639,910 (2026) |
| Land Assessment | $387,440 (2026) | Total Assessment | $2,027,350 (2026) |
Property Taxes
Parcel Number
48-42-26-21-0010
Land Assessment
$387,440 (2026)
Improvements Assessment
$1,639,910 (2026)
Total Assessment
$2,027,350 (2026)
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Multi-Tenant Retail on Dixie | 2025 N Dixie Hwy
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