1300 University DrPembroke Pines, FL 33024

  • Retail properties
  • 5,843 SF
For Lease
$0.05/SF/YR View listing

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
1300 University Dr, Pembroke Pines, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,724
$311,700
$1,061,630
$1,373,330
-
$311,700
$1,061,630
$1,373,330

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