120 Federal HwyPompano Beach, FL 33062

Property Details for 120 Federal Hwy

Year built

1954

Construction

CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

1,283 SF

Zone code

TO-EOD

Property type

Retail properties

Property subtype

Retail space

APN

48-42-36-01-2620

APU

484236012620

Description

This exceptional 1954-built office building, located at 120 S Federal Highway in Pompano Beach, Florida (zip code 33062), is offered at $2,500,000. The property is situated on US 1, a bustling thoroughfare, making it highly visible and easily accessible. Currently operating as a medical office, the building presents a versatile opportunity for a range of uses, including retail and mixed-use applications. The fee simple ownership provides complete control and flexibility. A key advantage is the inclusion of convenient private parking, a valuable asset given the high traffic volume of the location. The building benefits from its position within a thriving community experiencing ongoing development and infrastructure improvements, enhancing its long-term potential. The property offers a significant opportunity for investors seeking a prime location in a flourishing area of Pompano Beach. The building is currently owner-occupied. While the lot size is not specified, the building's prime location and versatile use potential make it a compelling investment. This is a rare chance to acquire a well-positioned commercial property in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $578,772

  6.5%

  $534,251

  7%

  $496,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $624,679

  Geo Method

  $624,679

• Alternative Use

  Use

  Valuation

  Residential

  $450,661

  Hospitality

  $412,803

  Educational

  $343,447

  Medical

  $355,259

  Retail

  $534,251

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2303

Longitude

-80.1025

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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