1801 Pine Island RdPlantation, FL 33322

Property Details for 1801 Pine Island Rd

Year built

1984

Construction

CONCRETE

Lot size

18.96 AC

Property size (Sq ft)

36,700 SF

Zone code

B-2P

Property type

Retail properties

Property subtype

Community centers

APN

49-41-32-19-0010

APU

494132190010

Description

This exceptional business opportunity presents the chance to acquire an established mattress and furniture store located in the desirable Jacaranda Square Plaza in Plantation, Florida. The 2,040 square foot space enjoys a prime location within a well-anchored plaza, boasting high visibility alongside national tenants such as Walmart and Starbucks. Ample parking is available for customer convenience. The current lease offers a highly competitive rental rate of $20 per square foot, providing significant cost advantages. This turnkey operation is owner-operated and exceptionally easy to manage, with owner training available for a seamless transition. The business benefits from an established customer base drawn to its competitive pricing and deals, making it an ideal investment for a family seeking a manageable and profitable second income stream. Low inventory costs further enhance profitability. Detailed financial records are available for review upon request. The business is currently generating a strong income. A 24-hour appointment is required for showings. Don't miss this opportunity to own a thriving business in a high-traffic location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $16,039,219

  6.5%

  $14,805,433

  7%

  $13,747,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,321,624

  Geo Method

  $27,321,624

• Alternative Use

  Use

  Valuation

  Residential

  $12,488,937

  Hospitality

  $11,439,799

  Educational

  $9,517,778

  Medical

  $9,845,109

  Retail

  $14,805,433

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1484

Longitude

-80.2694

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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