$1,800,000
$2,000,000
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7,470 SqFt
SOLD DATE : 04/04/2025
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,470 sqft
Price per Sqft $240
MLS Listing ID A11577074
Sold Date 04/04/25
HOA Y/N No
Year Built 1973
Annual Tax Amount $23,666
Contingent No Contingencies
Lot Size 0.529 Acres
Property Sub-Type Retail
Property Description
Back on the market due to the buyer being unable to secure financing. Recently remodeled retail plaza located just blocks from the new Pompano Beach. 100% occupied with long term tenants and leases in place. The center is located just blocks from the new Old Town Square and Old Town Backyard. North Dixie Hwy has become a recent hot spot of new development of residential and commercial properties.
The tenants are currently paying 17.50/sq ft and 7.50/sq ft CAM with annual 3% increases. 3 of the leases are expiring on 03/31/2025 allowing the opportunity to increase the rents. 50-year inspection recently completed.
Location
State FL
County Broward
Area 3423
Exterior
Roof Type Built-Up,Concrete
Private Pool Yes
Building
Story 1
Level or Stories One
Structure Type Block
Others
Tax ID 484226070540
Acceptable Financing Cash
Listing Terms Cash
Financing Seller Financing
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Bought with EXP Realty LLC
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