2030-2040 49Th StPompano Beach, FL 33064

Property Details for 2030-2040 49Th St

Year built

1962

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

4,723 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

48-43-07-02-0010

APU

484307020010

Description

This exceptional Pompano Beach retail property, located at 2030-2040 NE 49th Street, offers a fantastic opportunity for multiple tenants. The single-story building, constructed in 1963, boasts a total of 4,316 square feet. Currently, one storefront space of 842 square feet is available for lease. This space is ideally suited for a variety of uses, including restaurants, professional offices, daycare centers, animal grooming businesses, and dry cleaning establishments. The previous tenant was a 7-Eleven convenience store, leaving behind valuable built-in features such as a three-compartment sink and a walk-in cooler. These existing features could significantly reduce tenant build-out costs and time. The property's zoning restrictions prohibit grocery stores, convenience stores, liquor stores, and automotive retail businesses. This prime location in Pompano Beach offers excellent visibility and accessibility, making it an attractive proposition for a diverse range of businesses seeking a well-established and versatile retail space. The property's multiple tenancy structure provides flexibility and potential for synergistic businesses to co-locate. This is a rare opportunity to secure a well-positioned retail space in a thriving area. Inquire today to learn more about this exceptional property and its leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,129,911

  6.5%

  $1,966,072

  7%

  $1,825,638

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,299,578

  Geo Method

  $2,299,578

• Alternative Use

  Use

  Valuation

  Residential

  $1,658,455

  Hospitality

  $1,519,136

  Educational

  $1,263,903

  Medical

  $1,307,371

  Retail

  $1,966,072

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2914

Longitude

-80.096

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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