950 12Th Ave Pompano Beach, FL 33069

This exceptional Pompano Beach industrial property offers 23,938 square feet of versatile flex space across three buildings, situated on a 1.43-acre lot. The complex features 8 loading docks, 14 dock-high doors, and ceiling heights ranging from 14 to 18 feet. Built in 1968, this Class B property boasts 82 parking spaces and is currently vacant, presenting a unique opportunity for owner-occupancy or redevelopment. The property includes a secure gated yard, ideal for outdoor storage, and a 500-gallon fuel tank. Zoned I-1, it allows for a variety of industrial uses and offers the potential for multi-family development up to 10 stories, complying with the Live Local Act 102. The property enjoys a prime location on SW 12th Ave (Andrews Avenue), near major developments and transportation arteries, including Interstate 95 and Cypress Creek Executive Airport. The asking price is $5,975,000, representing a pro-forma cap rate of 7.05% and a pro-forma NOI of $421,067. Three-phase (480V) power is available. The property's robust construction, including twin-T roofing and concrete block construction, ensures durability and longevity. This presents a rare opportunity for an investor or owner-user seeking a well-located, versatile industrial property with significant upside potential. The property's strategic location in a rapidly growing area of Broward County, close to major transportation routes and new developments, makes it an attractive investment. The existing buildings offer immediate occupancy potential, while the zoning allows for future expansion or redevelopment to meet evolving market demands.