1600 Atlantic BlvdPompano Beach, FL 33060

Property Details for 1600 Atlantic Blvd

Year built

1971

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

6,344 SF

Zone code

TO-EOD

Property type

Healthcare properties

Property subtype

Medical offices

APN

49-42-01-05-0050

APU

494201050050

Description

This exceptional two-story, 6,344 square foot Class B office building is situated on a 14,400 square foot lot at 1600 E Atlantic Blvd in Pompano Beach, Florida, zip code 33060. Built in 1971 and renovated in 1991, the property boasts three units, all currently leased to medical tenants, ensuring a stable income stream. The building features a convenient elevator and ample parking (2 spaces per 1,000 sq ft). Recent inspections confirm the building is in excellent condition, with a well-maintained roof, AC system, and elevator. The property is zoned TO-EOD (Transit Oriented), benefiting from its prime location on Atlantic Avenue, a high-traffic area with over 40,000 cars passing daily. This NNN-leased property presents a compelling investment opportunity, offering a strong return on investment with its stable tenancy and desirable location. The asking price is $3,800,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,946,946

  6.5%

  $1,797,181

  7%

  $1,668,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,225,724

  Geo Method

  $1,225,724

• Alternative Use

  Use

  Valuation

  Residential

  $2,228,505

  Hospitality

  $2,041,298

  Educational

  $1,698,336

  Medical

  $1,756,745

  Retail

  $2,641,856

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2314

Longitude

-80.1076

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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