1300 University DrPembroke Pines, FL 33024

Property Details for 1300 University Dr

Year built

1972

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

5,843 SF

Zone code

(B-2)

Property type

Retail space

APN

51-41-09-04-0010

APU

514109040010

Description

This exceptional 5,843 square foot free-standing retail building is ideally situated in the heart of Pembroke Pines, Florida. Boasting a highly visible location between Denny's, Popeyes, and McDonald's, this single-tenant property offers unparalleled exposure and accessibility. The building features a total of 28 parking spaces, ensuring ample convenience for customers and employees. Currently configured with a restaurant space complete with existing appliances and kitchen equipment (though the hood requires replacement), and a smoke shop (lease expiring January 31, 2025), this property presents a versatile opportunity for a variety of businesses. The zoning designation is B-2. The property's address is 1300 N University Dr, and its APN is 514109040010. This one-story building presents a unique chance to establish a thriving business in a high-traffic area with significant brand recognition nearby. The property is zoned for B-2 commercial use. The building consists of a single suite, offering a cohesive and efficient layout. This is a rare opportunity to acquire a well-located, established retail space in a thriving commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $3,072,953

  6.5%

  $2,836,572

  7%

  $2,633,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,314,984

  Geo Method

  $6,314,984

• Alternative Use

  Use

  Valuation

  Residential

  $2,392,755

  Hospitality

  $2,191,750

  Educational

  $1,823,511

  Medical

  $1,886,224

  Retail

  $2,836,572

Location Insight

City

Pembroke Pines

County

Broward

State

Florida

Latitude

26.0202

Longitude

-80.249

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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