6400 Pembroke Rd Miramar, FL 33023
Parking lot and fully leased building with redevelopment potential.
Lot size:
0.32 AcresProperty Features for 6400 Pembroke Rd
General Information
- Lot size
- 0.32 Acres
Building Details
- Year built
- 1956
Source:
Elliman
Listing Agent: Jarrod Gaylis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Prime Investment Property on Pembroke
This investment property includes a parking lot at 6400 Pembroke Rd and a fully leased building at 6402 Pembroke Road. The property is located on the southwest corner of Pembroke Road, offering exceptional visibility with a daily traffic count of 33,000 vehicles. Situated between 441 and Florida's Turnpike, the location provides convenient access to major highways. The property is fully leased with tenants currently on month-to-month leases, who have expressed interest in extending their leases. This arrangement offers flexibility for immediate cash flow or potential redevelopment. The property generates a net operating income of $81,840 per year. This presents an opportunity for investors seeking a solid cap rate, developers, or end users.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Places Nearby
U-Haul Neighborhood Dealer, A-1-Pro Roofing, Penske Truck Rental
Location Insight
- Map
- Local Demand
- City
- Miramar
- County
- Broward
- State
- Florida
- Longitude
- -80.2155798
- Latitude
- 25.9951589
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Parking lot and fully leased building with redevelopment potential.
Where is this parking lot & garage located?
The property is located at 6400 Pembroke Rd Miramar, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: - High Visibility Location: Situated on the SW corner of Pembroke Rd with 33,000 vehicles passing daily.; - Strong Income and Appreciation Potential: Net operating income of $81,840 per year.; - Investment Flexibility: Fully leased with month-to-month tenants, offering immediate cash flow or redevelopment options.