6980 Commercial BlvdLauderhill, FL 33319

Property Details for 6980 Commercial Blvd

Year built

2002

Construction

CONCRETE

Lot size

2.31 AC

Property size (Sq ft)

11,170 SF

Zone code

CG

Property type

Drug stores

APN

49-41-15-14-0150

APU

494115140150

Description

This exceptional investment opportunity presents a 10,916 square foot CVS Pharmacy located at 6980 W Commercial Blvd, Lauderhill, FL 33319. The property sits on a substantial 2.32-acre lot zoned CG, offering significant potential for future development or value-add improvements. Currently operating as a CVS Pharmacy, the lease is expiring this year, presenting a unique chance for owner-user occupancy or a new lease with a different tenant. The building is classified as Class B and boasts a total square footage of 10,916 net rentable square feet. The asking price for this prime retail property is $4,250,000. Situated in Broward County, Florida, this location benefits from high visibility and strong traffic patterns. The property's size and zoning provide flexibility for various uses, making it an attractive proposition for investors seeking a strong return on investment in a desirable market. The current tenant's lease expiration opens the door to a variety of strategic options, including redevelopment, repositioning, or continued operation as a pharmacy. This is a rare opportunity to acquire a significant retail asset in a thriving Florida community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,881,692

  6.5%

  $4,506,176

  7%

  $4,184,307

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,315,600

  Geo Method

  $8,315,600

• Alternative Use

  Use

  Valuation

  Residential

  $3,801,129

  Hospitality

  $3,481,814

  Educational

  $2,896,828

  Medical

  $2,996,454

  Retail

  $4,506,176

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1932

Longitude

-80.2434

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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