A rare and great opportunity to purchase 1.887 Acres redevelopment parcel with 245' of frontage on East Atlantic Blvd. in Pompano Beach Florida, and obtain income ( NOI $111,227.00 starting 4-1-25) while you are planning and waiting on permits. Traffic count as of 2022 on this section of East Atlantic is 34,399 cars per day. Zoned TO EOD ( Transportation Orientation East Overlay District) which allow various uses including office, residential multifamily, townhouses, boutique hotel and retail etc.
The properties consist of 8 parcels with 11 lots which comprise a 15,000 sf office building, parking lots, and four single family properties on the adjoining properties immediately to the south of the office building( formally Furman Insurance, currently Acrisure, LLC), and parking lots on East Atlantic Blvd. All the buildings are occupied-so do not contact or disturb the tenants in anyway. Note: The tenant in the Office building( Acrisure LLC) has a Lease through March 31, 2028, however, the Lease maybe terminated with 1 year notice( possibly sooner) after successful closing on the property. The tenants in the single family properties are on a month to month basis or have a longer term lease with a 60-90 day kick out clause. Special note: The 15,000 sf office building and 43,800 sf of land can be purchased separately for $3.8m.