1314 E Atlantic Blvd - Office/Residential FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$5,750,000 USD
954-480-7281
1314 E Atlantic Blvd, Pompano Beach, FL for Sale
$5,750,000 USD
Office/Residential - FOR SALE
1/8
null | 1.93% Cap Rate

1314 E Atlantic Blvd
Pompano Beach, FL 33060
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Rare opportunity for Development with the possibility of increasing the number of units via City code 155.3709.E.3 Density Bonus Options

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

1.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1314 East Atlantic Boulevard LLC

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

TO-EOD

APN/PARCEL ID

49-42-01-05-0200

ASK ABOUT THIS PROPERTY

Jack PrennerJack PrennerMore Info
954-480-7281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jack PrennerJack PrennerMore Info
954-480-7281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.