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- Market Report
- Home Value
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1984
Sq.Footage
N/A
City Zoning Confirmation Supporting Residential Density Under Live Local Cash-flowing Live Local redevelopment opportunity on North Dixie Highway (SR-811) in Pompano Beach. ±1.54 acres improved with 26,808 SF of existing retail/office buildings generating $570,000+ in annual income, while supporting a future ±140-unit residential development by-right under Florida’s Live Local Act, subject to site plan approval. In addition to redevelopment density, the asset offers near-term cap-rate compression through tenant upside. Current in-place rents average approximately $21/SF, materially below documented market leases in the $28–$32/SF range, providing a clear path to NOI growth through lease renewals and re-tenanting. This is not a retail acquisition. Developers are acquiring time, entitlement certainty, unit yield, and income growth. The property generates cash flow during the entitlement and planning phase, allowing the asset to pay for its own hold while value is enhanced on both the income and redevelopment fronts.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$8,000,000
-
Tax Amount
76000.0
-
Zoning
B-3
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Randall Sanz , RE/MAX 5 Star Realty
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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None
None Beds
None Baths
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MLS#: A11819451
