For Sale
$1,500,000

1620 Dixie HwyPompano Beach, FL 33060

High-ROI Office w/ Concrete Business

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a 1,714 sq ft single-tenant office building in Pompano Beach, FL, situated at 1620 S Dixie Highway, zip code 33060. The property, built in 1957, boasts a 100% occupancy rate and a strong pro-forma NOI of $200,000, translating to a compelling 13.33% pro-forma cap rate. Priced at $1,500,000, this Class C building offers significant potential for owner-users. The sale includes the existing concrete art business, its equipment, and inventory. The property features a main 1,714 sq ft structure, plus additional buildings and storage units. Its prime location on Dixie Highway provides excellent visibility, benefiting from proximity to major highways and new developments. The sale is structured as a 1031 exchange. The property is approved for concrete work, making it ideal for continued operation of the existing business or for a similar venture. This one-story building presents a rare opportunity to acquire a profitable business and real estate asset simultaneously. The property's strong cash flow and strategic location make it an attractive investment for discerning buyers. This is a turnkey operation with significant upside potential.

Highlights

  • 1,714 sq ft single-tenant office building in Pompano Beach, FL (33060), located at 1620 S Dixie Highway.
  • 100% occupancy, $200,000 pro-forma NOI, and a 13.33% pro-forma cap rate.
  • $1,500,000 asking price; Class C building.
  • Includes existing concrete art business, equipment, and inventory.
  • Prime Dixie Highway location with excellent visibility and proximity to major highways.
  • 1031 exchange eligible.

Property Details for 1620 Dixie Hwy

Property type
Office properties
Square Feet
1,714 SF
Class
C
Year Built
1957
Stories
1

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2093087
Longitude
-80.1324124
1620 Dixie Hwy, Pompano Beach, Florida

FAQs

What type of property is this?
Office property - High-ROI Office w/ Concrete Business
Where is the office property located?
The property is located at 1620 Dixie Hwy Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1,714 sq ft single-tenant office building in Pompano Beach, FL (33060), located at 1620 S Dixie Highway.; 100% occupancy, $200,000 pro-forma NOI, and a 13.33% pro-forma cap rate.; $1,500,000 asking price; Class C building.
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1620 Dixie Hwy
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