1601 Martin Luther King Blvd Pompano Beach, FL 33069
This exceptional commercial property, located at 1601 Martin Luther King Blvd in Pompano Beach, Florida (zip code 33069), presents a unique investment opportunity. Priced aggressively at $419,000, this corner lot is zoned B-4, allowing for a wide variety of business uses. The property's versatility is a key advantage, suitable for diverse ventures including, but not limited to, church buildings, office spaces, restaurants, warehouses, or auto repair shops. Extensive due diligence has already been completed, saving the buyer significant time and expense. This includes a completed soil test, survey, and landscaping plan. Furthermore, a crime report is available, and a site plan for a church building has already been submitted to the city, although the previous owner opted for a larger location. The city of Pompano Beach is actively encouraging development, making this a rare opportunity in a rapidly developing area with limited available properties. The property's location offers convenient access to the administrative building. Serious inquiries only; proof of funds and a 25% down payment are required for consideration.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.