2499 SW 101st Ave - Drug Store FOR SALE


Miramar, FL 33025- Miramar Park
$5,200,000 USD
305-209-8866
2499 SW 101st Ave, Miramar, FL for Sale
$5,200,000 USD
Drug Store - FOR SALE
1/14
null | Request Cap Rate

2499 SW 101st Ave
Miramar, FL 33025
Miramar Park


HIGHLIGHTS

  • Ample surface parking for 67 vehicles
  • Ideal for pharmacy, medical, or quick-service retail uses
  • Consistent daytime traffic and provides a strong employment base.
  • Freestanding retail building formerly occupied by Walgreens
  • 14,560 SF | 1.77-Acre Parcel

OVERVIEW

Karson & Co. & The Porosoff Group of Compass Florida are pleased to present exclusively for sale 2499 Palm Avenue in Miramar, Florida, is a high-quality, freestanding retail building formerly occupied by Walgreens. Constructed in 2007, the building spans approximately 14,560 square feet and sits on a generous 1.77-acre parcel with ample surface parking for 67 vehicles, equating to a strong parking ratio of 4.6 spaces per 1,000 square feet. The structure is well-maintained and features a functional layout with a dedicated drive-thru lane, making it ideal for pharmacy, medical, or quick-service retail uses. Located at a signalized intersection on the northeast corner of Palm Avenue and Miramar Boulevard, the property enjoys excellent visibility and accessibility, with multiple points of ingress and egress. It is directly across from the Miramar Park of Commerce, one of the largest corporate parks in South Florida, which drives consistent daytime traffic and provides a strong employment base. The surrounding area is densely populated and continues to experience residential and commercial growth, enhancing the long-term value and viability of the site. Zoned TND (Traditional Neighborhood Development), the property allows for a variety of commercial uses, offering flexibility for both investors and end-users. With a triple net lease structure and a competitive asking rate, this asset presents a compelling opportunity for repositioning or re-tenanting in a thriving suburban market.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freestanding Retail Bldg. With Double Dr Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

TND

APN/PARCEL ID

51-41-20-27-0025

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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