120 Federal Hwy Pompano Beach, FL 33062
- Retail space
- 1,283 SF
- 0.05 lot acres
Current Use by Public Records
- Palm Beach Pharmacy / Pharmacy
- Formosa Daily Health / Massage Therapist / Acupuncture Clinic
Property Details for 120 Federal Hwy
- Year built
- 1954
- Construction
- CONCRETE
- Lot size
- 0.05 lot acres
- Property size
- 1,283 SF
- Zone code
- TO-EOD
- Property type
- Retail space
- APN
- 48-42-36-01-2620
- APU
- 484236012620
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $220,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $205,000
- Mixed-Use
- $265,000
- Hospitality
- $195,000
- Educational
- $250,000
- Residential Income
- $250,000
- Energy
- $225,000
- Income-Based Land
- $230,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1025
- Latitude
- 26.2303
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA