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Property profile & analytics
OFF-MARKET
Office Spaces

3960 Hallandale Bch Blvd Pembroke Park, FL 33023

Built 1967
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1,801 sq ft office building situated on two lots totaling 16,875 sq ft in Pembroke Park, Florida. Located at 3960 W Hallandale Beach Boulevard, zip code 33023, this property boasts a highly desirable B-1 zoning classification. Currently operating as a restaurant with limited hours (20 hours/week, five days a week), it still generates a substantial annual profit of $194,000. Built in 1967, the property offers significant redevelopment potential. The B-1 zoning allows for up to 80% lot coverage and buildings up to 100 feet tall, opening doors to a wide range of possibilities. Investors can continue operating the existing profitable restaurant or explore diverse options, including retail stores, personal services, or other commercial ventures. This prime location in Broward County presents a unique chance to capitalize on significant growth potential. The asking price is $1,799,000. The property consists of one unit.

Property profile
Verified
Property type Office Spaces
Year built 1967
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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