950 12Th AvePompano Beach, FL 33069

Property Details for 950 12Th Ave

Year built

1965

Construction

CONCRETE

Lot size

1.43 AC

Property size (Sq ft)

14,314 SF

Zone code

I-1

Property type

Warehouses

APN

49-42-02-00-0551

APU

494202000551

Description

This exceptional Pompano Beach industrial property offers 23,938 square feet of versatile flex space across three buildings, situated on a 1.43-acre lot. The complex features 8 loading docks, 14 dock-high doors, and ceiling heights ranging from 14 to 18 feet. Built in 1968, this Class B property boasts 82 parking spaces and is currently vacant, presenting a unique opportunity for owner-occupancy or redevelopment. The property includes a secure gated yard, ideal for outdoor storage, and a 500-gallon fuel tank. Zoned I-1, it allows for a variety of industrial uses and offers the potential for multi-family development up to 10 stories, complying with the Live Local Act 102. The property enjoys a prime location on SW 12th Ave (Andrews Avenue), near major developments and transportation arteries, including Interstate 95 and Cypress Creek Executive Airport. The asking price is $5,975,000, representing a pro-forma cap rate of 7.05% and a pro-forma NOI of $421,067. Three-phase (480V) power is available. The property's robust construction, including twin-T roofing and concrete block construction, ensures durability and longevity. This presents a rare opportunity for an investor or owner-user seeking a well-located, versatile industrial property with significant upside potential. The property's strategic location in a rapidly growing area of Broward County, close to major transportation routes and new developments, makes it an attractive investment. The existing buildings offer immediate occupancy potential, while the zoning allows for future expansion or redevelopment to meet evolving market demands.

• Alternative Use

  Use

  Valuation

  Residential

  $4,871,026

  Hospitality

  $4,461,833

  Educational

  $3,712,193

  Medical

  $3,839,861

  Retail

  $5,774,522

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2178

Longitude

-80.138

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].