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$ 1,800,000
$ 2,000,000 10.0%
Est. payment /mo
Sold on 04/04/2025
1941 N Dixie Hwy Pompano Beach, FL 33060
7,470 SqFt
UPDATED:
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,470 sqft
Price per Sqft $240
MLS Listing ID A11577074
Sold Date 04/04/25
HOA Y/N No
Year Built 1973
Annual Tax Amount $23,666
Contingent No Contingencies
Lot Size 0.529 Acres
Property Sub-Type Retail
Property Description
Back on the market due to the buyer being unable to secure financing. Recently remodeled retail plaza located just blocks from the new Pompano Beach. 100% occupied with long term tenants and leases in place. The center is located just blocks from the new Old Town Square and Old Town Backyard. North Dixie Hwy has become a recent hot spot of new development of residential and commercial properties.
The tenants are currently paying 17.50/sq ft and 7.50/sq ft CAM with annual 3% increases. 3 of the leases are expiring on 03/31/2025 allowing the opportunity to increase the rents. 50-year inspection recently completed.
The tenants are currently paying 17.50/sq ft and 7.50/sq ft CAM with annual 3% increases. 3 of the leases are expiring on 03/31/2025 allowing the opportunity to increase the rents. 50-year inspection recently completed.
Location
State FL
County Broward
Area 3423
Exterior
Roof Type Built-Up,Concrete
Private Pool Yes
Building
Story 1
Level or Stories One
Structure Type Block
Others
Tax ID 484226070540
Acceptable Financing Cash
Listing Terms Cash
Financing Seller Financing
Listed by LPT Realty
Bought with EXP Realty LLC
Bought with EXP Realty LLC
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Premier Associates Realty, LLC.
Broker | License ID: BK3215191
Broker License ID: BK3215191