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    120 Federal Hwy Pompano Beach, FL 33062

    For Sale
    $2,500,000

    $2.5M Office Building - US 1

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1954-built office building, located at 120 S Federal Highway in Pompano Beach, Florida (zip code 33062), is offered at $2,500,000. The property is situated on US 1, a bustling thoroughfare, making it highly visible and easily accessible. Currently operating as a medical office, the building presents a versatile opportunity for a range of uses, including retail and mixed-use applications. The fee simple ownership provides complete control and flexibility. A key advantage is the inclusion of convenient private parking, a valuable asset given the high traffic volume of the location. The building benefits from its position within a thriving community experiencing ongoing development and infrastructure improvements, enhancing its long-term potential. The property offers a significant opportunity for investors seeking a prime location in a flourishing area of Pompano Beach. The building is currently owner-occupied. While the lot size is not specified, the building's prime location and versatile use potential make it a compelling investment. This is a rare chance to acquire a well-positioned commercial property in a rapidly growing market.

    Property Features for 120 Federal Hwy

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1954

    HighLights

    • $2,500,000 asking price for a 1954‑built office building in Pompano Beach, FL (33062).
    • High‑visibility location on US 1 with excellent accessibility.
    • Versatile use potential: currently medical office, suitable for retail or mixed‑use.
    • Fee simple ownership.
    • Includes convenient private parking.
    • Located in a thriving, developing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Palm Beach Pharmacy Pharmacy Formosa Daily Health Massage Therapist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1025453
    Latitude
    26.2303334

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    FAQs

    What type of property is this?
    Office Property / Space - $2.5M Office Building - US 1
    Where is this office property / space located?
    The property is located at 120 Federal Hwy Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 1954-built office building in Pompano Beach, FL (33062).; High-visibility location on US 1 with excellent accessibility.; Versatile use potential: currently medical office, suitable for retail or mixed-use.
    Request Owner's contact information
    120 Federal Hwy Pompano Beach, FL 33062
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    Pompano Beach, FL 33062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Federal Hwy Pompano Beach, FL 33062
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