1701 University Dr Pembroke Pines, FL 33024-3601

Property Details for 1701 University Dr

Year built

2001

Lot size

6.30 lot acres

Property size

21,823 SF

Zone code

(PUD)

Property type

Parking lots & garages

APN

51-41-10-17-0020

APU

514110170020

Description

This exceptional 12,512 square foot retail property, previously occupied by CVS Pharmacy, presents a compelling value-add investment opportunity in Pembroke Pines, Florida. Located at 1701 N University Dr, this fee-simple property sits on a 1.55-acre lot with 75 parking spaces, offering a convenient 6 spaces per 1,000 square feet. Built in 2001, the single-story building boasts a prime location at a high-traffic intersection, experiencing 47,000 vehicles per day. The property features multiple entrances, four private offices, two restrooms, first and second-floor storage, a walk-in cooler, a garage door, and a conveyor belt. A fully built-out pharmacy space with a drive-through is also included. Currently vacant, this property is zoned B-3 General Business, allowing for a wide range of uses including, but not limited to, medical offices, restaurants, and educational facilities. The asking price is $3,600,000, translating to $287.72 per square foot. This property offers significant potential for a savvy investor seeking a high-traffic location and flexible usage options within a thriving commercial center. The property's existing infrastructure minimizes renovation needs, allowing for a swift transition to new tenants and operations. The ample parking and convenient location ensure high visibility and accessibility, making it an attractive proposition for a variety of businesses. The property's strategic location within the Walnut Creek Plaza Commercial Center Master Association further enhances its appeal. This is a rare opportunity to acquire a versatile and well-positioned asset in a dynamic market.