1 Ocean BlvdPompano Beach, FL 33062

Property Details for 1 Ocean Blvd

Year built

2008

Construction

CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

2,121 SF

Zone code

AOD

Property type

Retail properties

Property subtype

Turn key restaurants

APN

48-43-31-45-0024

APU

484331450024

Description

This exceptional 2,016 square foot office space is located in the prestigious Plaza at Oceanside building at 1 N Ocean Blvd, Pompano Beach, FL 33062. Situated on the ground floor of a luxury residential tower, this single-tenant unit offers a prime location just steps from the beach and at a high-traffic intersection (A1A & Atlantic Blvd) with approximately 13,600 vehicles passing daily. Currently in shell condition, this versatile space is ideal for a variety of uses, including traditional office, executive office, medical office, or creative office settings. The property type is listed as Retail, Office, and Restaurant, offering flexibility for potential tenants. The space is available for lease at $30 per square foot, NNN. This presents a unique opportunity to establish a business in a thriving area of Pompano Beach, experiencing significant growth with new luxury developments such as the Ritz Carlton, CasaMar, and SoleMar underway. Additionally, this unit is also available for purchase at $804,384. The landlord is highly motivated to secure a tenant or buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $956,672

  6.5%

  $883,082

  7%

  $820,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,032,692

  Geo Method

  $1,032,692

• Alternative Use

  Use

  Valuation

  Residential

  $744,913

  Hospitality

  $682,336

  Educational

  $567,696

  Medical

  $587,219

  Retail

  $883,082

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2322

Longitude

-80.0916

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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