621 W Pembroke Rd Hallandale Beach, FL 33009
For Sale
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This vacant, 950-square-foot retail lot, located at 621 W Pembroke Rd in Hallandale Beach, Florida (zip code 33009), presents a compelling redevelopment opportunity. Currently configured as a vacant auto repair shop, the property boasts a strategic corner location with two access points and significant frontage on State Road 824, experiencing over 40,000 vehicles daily. Built in 1960, the Class C building offers a substantial chance for renovation or new construction. The property is zoned B-G, making it ideal for a variety of retail uses, including a drive-through option. The asking price is $775,000, translating to $815.79 per square foot. This high-traffic location in Broward County offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a prime retail space in a bustling area. The property's current condition is described as poor, presenting a blank canvas for a modern retail development. The substantial daily traffic count ensures high potential for customer engagement and business success. This is a rare opportunity to acquire a well-positioned retail lot with significant redevelopment potential in a thriving Florida market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
WEST RAC · Hallandale Beach, FLCosts & 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.