For Sale
$2,150,000

6300 Pembroke RdMiramar, FL 33023

4,362 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 4,362 square foot flex building in Miramar, Florida, presents a compelling investment opportunity. Situated on a 12,346 square foot lot at 6300 Pembroke Road, this freestanding, two-story Class C building boasts a prime location near the Florida Turnpike and State Road 7/441. Currently generating income from multiple tenants occupying the thoughtfully configured downstairs space (currently used as church space), this property offers immediate return on investment. The building, constructed in 1965, features a concrete roof and has undergone significant exterior renovations, including the installation of hurricane-resistant windows and doors, a fresh coat of paint, and a remodeled staircase. The permitted ML zoning allows for flexibility in future use. The property's strong proforma CAP rate of 8.04% further enhances its appeal. The existing structure presents a solid foundation for an investor seeking immediate income, with the potential to add two more floors, significantly increasing the property's value and rental potential. This is a rare chance to acquire a well-located, income-producing property with significant upside potential. The asking price is $2,150,000.

Highlights

  • Freestanding retail/flex building.
  • 4,362 square foot building.
  • 8.04% projected capitalization rate.
  • Ideal for investors or owner-occupants.

Property Details for 6300 Pembroke Rd

Property type
Retail properties, Industrial properties
Square Feet
4,362 SF
Class
C
Year Built
1965
Buildings
1
Stories
2

Location Insight

City
Miramar
County
Broward
State
Florida
Latitude
25.9951244
Longitude
-80.2132318
6300 Pembroke Rd, Miramar, Florida

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6300 Pembroke Rd
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