For Sale
$3,600,000

1701 University DrPembroke Pines, FL 33024

12,512 SF CVS, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12,512 square foot retail property, previously occupied by CVS Pharmacy, presents a compelling value-add investment opportunity in Pembroke Pines, Florida. Located at 1701 N University Dr, this fee-simple property sits on a 1.55-acre lot with 75 parking spaces, offering a convenient 6 spaces per 1,000 square feet. Built in 2001, the single-story building boasts a prime location at a high-traffic intersection, experiencing 47,000 vehicles per day. The property features multiple entrances, four private offices, two restrooms, first and second-floor storage, a walk-in cooler, a garage door, and a conveyor belt. A fully built-out pharmacy space with a drive-through is also included. Currently vacant, this property is zoned B-3 General Business, allowing for a wide range of uses including, but not limited to, medical offices, restaurants, and educational facilities. The asking price is $3,600,000, translating to $287.72 per square foot. This property offers significant potential for a savvy investor seeking a high-traffic location and flexible usage options within a thriving commercial center. The property's existing infrastructure minimizes renovation needs, allowing for a swift transition to new tenants and operations. The ample parking and convenient location ensure high visibility and accessibility, making it an attractive proposition for a variety of businesses. The property's strategic location within the Walnut Creek Plaza Commercial Center Master Association further enhances its appeal. This is a rare opportunity to acquire a versatile and well-positioned asset in a dynamic market.

Highlights

  • 12,512 SF retail building on a 1.55-acre lot in Pembroke Pines, FL.
  • Fee-simple ownership with 75 parking spaces (6/1,000 SF).
  • High-traffic location (47,000 VPD) at a major intersection; built in 2001.
  • Features include multiple entrances, four offices, two restrooms, storage, walk-in cooler, garage door, conveyor belt, and a drive-through.
  • Zoned B-3 General Business, allowing for diverse uses; asking price: $3,600,000 ($287.72/SF).

Property Details for 1701 University Dr

Property type
Retail properties, Restaurants
Square Feet
12,512 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Pembroke Pines
County
Broward
State
Florida
Latitude
26.024383
Longitude
-80.2474222
1701 University Dr, Pembroke Pines, Florida

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1701 University Dr
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