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520-580 S. Federal Highway 520-580 S Federal Hwy 4,909 SF 100% Leased Retail Building Pompano Beach, FL 33062 $3,600,000 ($733.35/SF) 5% Cap Rate
Investment Highlights
- 230' US1 Frontage
Executive Summary
Prime eastside location in the quickly changing Pompano Beach market provides an ideal location for re-development or for an owner-user.
These contiguous parcels feature three B-3 US1 frontage lots totaling 17,991 SF The 2 buildings (3,229 SF and 1,680 SF) are occupied by 4 active tenants. B-3 zoning has a multitude of uses such as medical, auto sales, boat sales, gas station, mixed use etc.
***Property is available to be purchased with an adjacent 11,000 SF RM-20 site offered at $849,000. Parcel ID# 4943-06-07-0080
These contiguous parcels feature three B-3 US1 frontage lots totaling 17,991 SF The 2 buildings (3,229 SF and 1,680 SF) are occupied by 4 active tenants. B-3 zoning has a multitude of uses such as medical, auto sales, boat sales, gas station, mixed use etc.
***Property is available to be purchased with an adjacent 11,000 SF RM-20 site offered at $849,000. Parcel ID# 4943-06-07-0080
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,909 SF
Building Class
B
Year Built
1955
Price
$3,600,000
Price Per SF
$733.35
Cap Rate
5%
NOI
$180,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.26 AC
Zoning
B-3, RM-20 - See Attached information
Parking
15 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $809,530 | |
| Land Assessment | $567,420 | Total Assessment | $1,376,950 |
Property Taxes
Parcel Numbers
Land Assessment
$567,420
Improvements Assessment
$809,530
Total Assessment
$1,376,950
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520-580 S. Federal Highway | 520-580 S Federal Hwy
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