For Sale
$2,850,000

1300 University DrPembroke Pines, FL 33024

High-traffic corner lot, 3 units, $2.85M

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 1300 N University Dr in Pembroke Pines, Florida (33024), presents a unique investment opportunity. Situated on a high-traffic corner lot at the intersection of University Drive and 13th Street, this property boasts impressive daily vehicle counts exceeding 55,000. The 1972-built structure features three individual units, each equipped with its own water and electric meters. Currently, one unit is leased to a smoke shop, with the lease expiring in January 2025. The remaining two units were previously combined to operate a restaurant, though the business is currently inactive due to outstanding code violations which the owner is actively addressing. The property's strategic location offers significant potential for a variety of retail uses, benefiting from its proximity to established businesses such as Denny's, Popeyes, and McDonald's. The asking price for this retail and special purpose property is $2,850,000. This presents a compelling opportunity for investors seeking a high-visibility location with significant redevelopment potential or immediate income generation upon resolution of the existing restaurant's issues. The property's strong location and multiple unit configuration offer flexibility and potential for significant return on investment.

Highlights

  • High-visibility corner lot at University Dr & 13th St in Pembroke Pines, FL (33024), with over 55,000 daily vehicle counts.
  • Three-unit building, constructed in 1972, each with independent utilities.
  • One unit currently leased to a smoke shop (lease expires January 2025); two units previously a restaurant (currently inactive due to code violations being addressed by the owner).
  • Asking price: $2,850,000.
  • Strong redevelopment potential and immediate income generation opportunities.

Property Details for 1300 University Dr

Property type
Specialty properties, Retail properties
Year Built
1972

Location Insight

City
Pembroke Pines
County
Broward
State
Florida
Latitude
26.0202296
Longitude
-80.2490829
1300 University Dr, Pembroke Pines, Florida

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1300 University Dr
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