199 Ocean BlvdPompano Beach, FL 33062

Property Details for 199 Ocean Blvd

Year built

1969

Construction

CONCRETE

Lot size

1.42 AC

Property size (Sq ft)

9,841 SF

Zone code

AOD

Property type

Office buildings

APN

48-43-31-00-0525

APU

484331000525

Description

This exceptional Pompano Beach property, located at 199 N Ocean Blvd, offers 9,841 square feet of versatile commercial space in a prime oceanfront location. The two-story, 9,841-square-foot building sits on a 1.39-acre lot (70,000 square feet) and boasts 74 parking spaces. Currently configured as a former bank with office space on the second floor, this Class B building, constructed in 1969, presents a unique opportunity for redevelopment or adaptive reuse. The high ceilings (approximately 20 feet) offer significant design flexibility. Its double corner location provides exceptional street frontage and visibility, situated across from the ocean, near numerous residences, restaurants, and the Pompano Beach pier. The property's AOD zoning allows for a wide range of uses, including retail, office, restaurant, or mixed-use development. Given its location in a rapidly developing area, this is a rare opportunity to acquire a substantial property with significant redevelopment potential. The building's existing infrastructure could be repurposed, or the site could be cleared for new construction. This is one of the last remaining properties available in this booming submarket. The property's APN is 484331000525, and it's located in the Pompano Beach submarket, zip code 33062.

• CAP approach

  CAP return

  Valuation

  6%

  $3,019,527

  6.5%

  $2,787,256

  7%

  $2,588,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,901,380

  Geo Method

  $1,901,380

• Alternative Use

  Use

  Valuation

  Residential

  $3,456,197

  Hospitality

  $3,165,858

  Educational

  $2,633,956

  Medical

  $2,724,542

  Retail

  $4,097,266

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2351

Longitude

-80.0911

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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