1620 Dixie HwyPompano Beach, FL 33060

Property Details for 1620 Dixie Hwy

Year built

1957

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

1,714 SF

Zone code

B-4

Property type

Retail space

APN

49-42-11-01-0030

APU

494211010030

Description

This exceptional 0.326-acre property, located at 1620 S Dixie Hwy in Pompano Beach, Florida (zip code 33060), presents a unique investment opportunity. The property boasts 1,714 square feet of existing structure, currently utilized for concrete art creation, along with additional structures and storage units. The B-4 zoning permits a variety of uses, including manufacturing (such as concrete work), retail, and industrial applications. The site benefits from high visibility on Dixie Highway, providing excellent exposure to significant traffic volume. Its strategic location offers easy access to major highways and is situated within a rapidly developing area of Pompano Beach, experiencing substantial growth with numerous new projects underway and planned. This property is ideal for entrepreneurs seeking a versatile space for manufacturing, storage, or retail operations. The existing structure and equipment are also available for sale, presenting a turnkey business acquisition opportunity. The property is also available for lease. This prime location offers a compelling investment prospect in a thriving market, making it an attractive option for both established businesses and new ventures. The property's versatility and strategic location make it a rare find in Pompano Beach's dynamic commercial real estate landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $749,080

  6.5%

  $691,458

  7%

  $642,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,276,002

  Geo Method

  $1,276,002

• Alternative Use

  Use

  Valuation

  Residential

  $583,271

  Hospitality

  $534,273

  Educational

  $444,509

  Medical

  $459,796

  Retail

  $691,458

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2093

Longitude

-80.1325

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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