3500 16Th TerPompano Beach, FL 33064

Property Details for 3500 16Th Ter

Year built

1959

Construction

CONCRETE

Lot size

0.36 AC

Property size (Sq ft)

2,410 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

48-42-24-19-0060

APU

484224190060

Description

This exceptional mixed-use property, located at 3500 NE 16th Terrace in Pompano Beach, Florida, presents a unique owner-user opportunity. The 2,410-square-foot building, constructed in 1960 and renovated in 2010, sits on a 0.36-acre lot and offers ample parking. Currently vacant, this single-story, Class B building boasts liberal B-1 zoning, allowing for a variety of uses including professional offices, business services, banks, restaurants, childcare facilities, and places of worship. Its strategic location, just one block west of Federal Highway and two lots south of Sample Road, provides excellent visibility and accessibility. The property benefits from its proximity to Shoppers Haven, a large Publix-anchored shopping center undergoing a significant $25,000,000 renovation. This prime Broward County location offers easy access to I-95, making it an attractive investment for both owner-users and investors seeking a versatile and well-situated commercial property. The asking price is $700,000. The property features one building with a total of 2,410 square feet of net rentable space.

• CAP approach

  CAP return

  Valuation

  6%

  $739,568

  6.5%

  $682,678

  7%

  $633,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,636

  Geo Method

  $465,636

• Alternative Use

  Use

  Valuation

  Residential

  $846,521

  Hospitality

  $775,408

  Educational

  $645,131

  Medical

  $667,318

  Retail

  $1,003,537

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2747

Longitude

-80.1007

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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