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520-580 S. Federal Highway 520-580 S Federal Hwy 4,909 SF 76% Leased Retail Building Pompano Beach, FL 33062 $4,500,000 ($916.68/SF) 3.66% Cap Rate
INVESTMENT HIGHLIGHTS
- 230' US1 Frontage
EXECUTIVE SUMMARY
Prime eastside location in the quickly changing Pompano Beach market provides an ideal location for redevelopment or for an owner-user.
These contiguous parcels feature three B-3 US1 frontage lots totaling 17,991 SF and one 11,000 SF RM-20 site. 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.
These contiguous parcels feature three B-3 US1 frontage lots totaling 17,991 SF and one 11,000 SF RM-20 site. 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 FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,909 SF
Building Class
B
Year Built
1955
Price
$4,500,000
Price Per SF
$916.68
Cap Rate
3.66%
NOI
$164,700
Percent Leased
76%
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
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $721,070 | |
| Land Assessment | $567,420 | Total Assessment | $1,288,490 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$567,420
Improvements Assessment
$721,070
Total Assessment
$1,288,490
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520-580 S. Federal Highway | 520-580 S Federal Hwy
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