1595 89Th TerPembroke Pines, FL 33024

Property Details for 1595 89Th Ter

Year built

1976

Construction

CONCRETE

Lot size

0.95 AC

Property size (Sq ft)

7,109 SF

Zone code

(B-2)

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

51-41-08-01-0071

APU

514108010071

Description

This exceptional investment opportunity presents a single-story, mixed-use building totaling 2,500,000 dollars, ideally situated in the heart of Pembroke Pines, Florida. Constructed in 1977, the property is located at 1595 NW 89th Ter, Pembroke Pines, FL 33024, in Broward County. Its classification as a mixed-use, special purpose property, specifically a school, offers a unique potential for various redevelopment or repurposing strategies. The building's prime location within Pembroke Pines ensures high visibility and accessibility, making it an attractive proposition for investors seeking a strong return on investment. The property's single-story design simplifies operational management and potential renovations. The asking price of $2,500,000 reflects the property's significant potential and strategic location within a thriving community. This is a rare chance to acquire a substantial mixed-use property in a desirable area, presenting a compelling opportunity for both immediate income generation and long-term appreciation. Serious inquiries are encouraged to explore the full potential of this unique offering. Further details regarding the property's square footage and zoning are available upon request. The property is currently available for purchase.

• CAP approach

  CAP return

  Valuation

  6%

  $2,486,154

  6.5%

  $2,294,911

  7%

  $2,130,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,506,244

  Geo Method

  $3,506,244

• Alternative Use

  Use

  Valuation

  Residential

  $2,911,192

  Hospitality

  $2,666,636

  Educational

  $2,218,610

  Medical

  $2,294,911

  Retail

  $3,451,171

Location Insight

City

Pembroke Pines

County

Broward

State

Florida

Latitude

26.0221

Longitude

-80.2658

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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