1300 University DrPembroke Pines, FL 33024
- Retail properties
- 5,843 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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