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7841 Pines Blvd - 8.86-ACRE INSTITUTIONAL COVERED LAND PLAY 8.86 Acres of Commercial Land Offered at $24,999,999 in Pembroke Pines, FL 33024
Executive Summary
INVESTMENT SUMMARY: 8.86-ACRE INSTITUTIONAL COVERED LAND PLALOOPNET LISTING: 8.86-ACRE INSTITUTIONAL COVERED LAND PLAY
Address: 7841 Pines Blvd, Pembroke Pines, FL 33024
Price: $25,000,000 ($254/SF Building // $64/SF Land)
Proposed Density: 300+ Unit Class-A Multifamily Community
THE OPPORTUNITY: THE "INFRASTRUCTURE-FIRST" ARBITRAGE
CBI Real Estate presents a premier 8.86-acre redevelopment site engineered for a high-alpha transition. Currently a 98,361 SF retail center, the property is positioned for a high-density conversion that replaces legacy retail with a 300-unit modern residential and medical campus.
I. THE REDEVELOPMENT THESIS: FILLING THE LUXURY RENTAL VOID
This site is situated in a critical "Housing Desert" where high-earning professionals are currently underserved.
Target Capacity: The 8.86-acre footprint is engineered to support a 300-unit garden-style development while maintaining high-value commercial frontage.
Strategic Geometry: The unique L-shaped site allows for frontage retail to serve as an acoustic shield, creating a private, high-density residential interior suited for medical professionals and academic faculty.
The "Captive" Demand: Directly adjacent to Broward College (65,000 students/faculty) and less than one mile from Memorial Hospital West, providing a permanent, replenishing demand driver.
II. VERIFIED INFRASTRUCTURE: ELIMINATING THE 18-MONTH LAG
Unlike raw land, this site features "Sovereign" utility assets that significantly accelerate the development timeline:
Electrical Power: Verified 3,000-Amp / 480V 3-Phase service already live at the disconnects. This allows a developer to bypass the current 12-18 month FPL transformer lead times.
Sanitary Capacity: High-capacity 6-inch to 8-inch sanitary sewer mains and existing interceptors are already in place, verified by the legacy supermarket footprint.
Impact Fee Credits: Development of the 300-unit community will benefit from massive dollar-for-dollar impact fee credits based on the existing 98,361 SF footprint, representing a significant head start in project costs.
III. MARKET DOMINANCE & INSTITUTIONAL VALIDATION
Unrivaled Visibility: Signalized intersection commanding 113,500 Vehicles Per Day (VPD).
Affluence: Average Household Incomes within 5 miles exceed $100,600.
Zero Competition: 0% new multifamily construction currently in the immediate 3-mile ring.
Institutional Neighbors: Heavily validated by Terra Group (Pines City Center), Costco, Target, and Publix.
TRANSACTION TERMS
Asking Price: $25,000,000
Total Acreage: 8.86 Acres
Existing Improvements: 98,361 SF
Zoning: B-3 (Community Shopping)
Commission: 0% Co-Broker; Buyer Paid Commission.
Address: 7841 Pines Blvd, Pembroke Pines, FL 33024
Price: $25,000,000 ($254/SF Building // $64/SF Land)
Proposed Density: 300+ Unit Class-A Multifamily Community
THE OPPORTUNITY: THE "INFRASTRUCTURE-FIRST" ARBITRAGE
CBI Real Estate presents a premier 8.86-acre redevelopment site engineered for a high-alpha transition. Currently a 98,361 SF retail center, the property is positioned for a high-density conversion that replaces legacy retail with a 300-unit modern residential and medical campus.
I. THE REDEVELOPMENT THESIS: FILLING THE LUXURY RENTAL VOID
This site is situated in a critical "Housing Desert" where high-earning professionals are currently underserved.
Target Capacity: The 8.86-acre footprint is engineered to support a 300-unit garden-style development while maintaining high-value commercial frontage.
Strategic Geometry: The unique L-shaped site allows for frontage retail to serve as an acoustic shield, creating a private, high-density residential interior suited for medical professionals and academic faculty.
The "Captive" Demand: Directly adjacent to Broward College (65,000 students/faculty) and less than one mile from Memorial Hospital West, providing a permanent, replenishing demand driver.
II. VERIFIED INFRASTRUCTURE: ELIMINATING THE 18-MONTH LAG
Unlike raw land, this site features "Sovereign" utility assets that significantly accelerate the development timeline:
Electrical Power: Verified 3,000-Amp / 480V 3-Phase service already live at the disconnects. This allows a developer to bypass the current 12-18 month FPL transformer lead times.
Sanitary Capacity: High-capacity 6-inch to 8-inch sanitary sewer mains and existing interceptors are already in place, verified by the legacy supermarket footprint.
Impact Fee Credits: Development of the 300-unit community will benefit from massive dollar-for-dollar impact fee credits based on the existing 98,361 SF footprint, representing a significant head start in project costs.
III. MARKET DOMINANCE & INSTITUTIONAL VALIDATION
Unrivaled Visibility: Signalized intersection commanding 113,500 Vehicles Per Day (VPD).
Affluence: Average Household Incomes within 5 miles exceed $100,600.
Zero Competition: 0% new multifamily construction currently in the immediate 3-mile ring.
Institutional Neighbors: Heavily validated by Terra Group (Pines City Center), Costco, Target, and Publix.
TRANSACTION TERMS
Asking Price: $25,000,000
Total Acreage: 8.86 Acres
Existing Improvements: 98,361 SF
Zoning: B-3 (Community Shopping)
Commission: 0% Co-Broker; Buyer Paid Commission.
Property Facts
| Price | $24,999,999 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 8.86 AC |
| Zoning | B3 - General Business | ||
| Price | $24,999,999 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 8.86 AC |
| Zoning | B3 - General Business |
1 Lot Available
Lot
| Price | $24,999,999 | Lot Size | 8.86 AC |
| Price Per AC | $2,821,670.32 |
| Price | $24,999,999 |
| Price Per AC | $2,821,670.32 |
| Lot Size | 8.86 AC |
This offering represents a premier 8.86-acre redevelopment site engineered for a high-alpha transition. Currently a 96,152 SF retail center, the property is positioned for a high-density, mixed-use conversion that erases the legacy "retail box".
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
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7841 Pines Blvd - 8.86-ACRE INSTITUTIONAL COVERED LAND PLAY
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