1941 Dixie Hwy Pompano Beach, FL 33060

This exceptional retail property, located at 1941 N Dixie Hwy in Pompano Beach, Florida (zip code 33060), presents a compelling investment opportunity. Built in 1973, this single-story, 1-building plaza is currently 100% occupied by long-term tenants under existing leases. The asking price is $2,000,000. The property benefits from its prime location, just blocks from the newly developed Pompano Beach Old Town Square and Old Town Backyard, areas experiencing significant growth in both residential and commercial sectors. North Dixie Highway itself is a burgeoning hub of new development. The plaza has recently undergone renovations, enhancing its appeal and functionality. Current tenants pay a base rent of $17.50 per square foot and $7.50 per square foot in CAM charges, with annual rent increases of 3%. Three leases are set to expire on March 31, 2025, presenting a potential for future rent increases. A comprehensive 50-year inspection has recently been completed, providing peace of mind for the new owner. This property offers a strong, stable income stream with significant upside potential in a rapidly developing area. The property's location within the revitalized Old Town area ensures continued high demand and strong tenant occupancy. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a prime Pompano Beach location.