7161 Pembroke Rd Pembroke Pines, FL 33023-2600
- Investment properties
- 7,132 SF
- 0.11 lot acres
Current Use by Public Records
- Lee Williams - American Financial Dream Group, Inc / Insurance Broker / Auto Insurance Agency
- Vertical Addicts Pole Studio / Dance School / Physical Fitness Program
- The One Home Services LLC Pembroke Pines, FL / Property Administration Service
- Sinergy Multiservice LLC. / Construction And Maintenance Office
- TheCornerHub / Health Food Restaurant / Consumer Advice Center
Property Details for 7161 Pembroke Rd
- Year built
- 1965
- Construction
- CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 7,132 SF
- Zone code
- (B-3)
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 51-41-23-12-0170
- APU
- 514123120170
Description
This 7,000 square foot, two-story mixed-use shopping center in Pembroke Pines, Florida, presents a compelling value-add investment opportunity. Located at 7161 Pembroke Rd, this Class C property boasts eight tenants, currently operating at 100% occupancy with month-to-month leases offering significant rental upside. Built in 1965, the property sits on a 0.11-acre lot zoned B-3 - GENERAL BUSINESS, providing flexibility for future development. The property benefits from a high-traffic location at the intersection of Pembroke Rd and SW 72nd Ave, experiencing approximately 65,000 vehicles daily. Surrounded by a thriving residential community with an average household income of $83,000 within a one-mile radius, the center enjoys proximity to major retailers like Sam's Club, Walmart, Lowe's, and Publix. Convenient access to major transportation arteries, including the Florida Turnpike and University Dr, further enhances its appeal. The property's adjacency to North Perry Airport, with 314,000 annual flight operations and a $285 million economic impact, provides additional foot traffic and tenant potential. The asking price is $1,300,000, with a pro-forma cap rate of 8.21%. Owner financing is available. This property offers immediate potential for increased revenue due to below-market rents and a low submarket vacancy rate of less than 2.5%.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Pembroke Pines
- County
- Broward
- State
- Florida
- Longitude
- -80.2302
- Latitude
- 25.9955
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
