2250 Dr Martin Luther King Jr Blvd Pompano Beach, FL 33069
This exceptional commercial property, located at 2250 Dr Martin Luther King Jr Blvd in Pompano Beach, Florida (zip code 33069), presents a unique investment opportunity. Built in 1977, this 3-lot package encompasses a substantial building currently used as a church and restaurant, offering significant flexibility for future development. The asking price is $7,500,000. The property is zoned B3, allowing for a wide array of uses including retail, service, office, recreation, entertainment, visitor accommodation, and institutional uses. The zoning also permits complementary residential uses, such as live-work spaces and upper-story dwellings, as well as moderate-to-high-density multifamily development, either standalone or integrated with commercial components. The property boasts excellent road access and includes a separate folio for an additional parcel located behind the main building. This presents a rare chance to acquire three lots as a single investment package, unlocking substantial potential for redevelopment or expansion. The seller is open to offers and prioritizes buyers who will continue to serve the community in a spiritually guiding capacity. This property offers a compelling blend of existing infrastructure and future development possibilities in a desirable Pompano Beach location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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