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2000 N Federal Hwy Highway, Pompano Beach, FL 33062

$4,295,000
Property Type: Comm/Industry Baths: 5 Square Footage: 10,371 Status: Active
Current Price: $4,295,000 Last Modified: 3/08/2024

Description

2000 N Federal Hwy is a 10,371 square foot medical office building on one of Pompano's most desired stretches of Federal Highway. This property was constructed in 1979 and renovated from 2017 with new roof, and 2018, and 2019 with impact windows, paint and landscaping. The property zoning, B-3 General Business, allows for a wide array of business to operate. The building is fully leased out, with long standing tenants in place. All tenants are on gross leases and under market rents. The property has recently passed it's 40-year recertifications and is up to date on recent code for the elevator. 45 parking spaces allows the new owner to convert the ground floor to retail, further increasing the NOI. This three-story building has additional signage opportunity on the bell tower

Supplements: , to make this building a Landmark Building. Current NOI on the property is $157,276.71. Implementing a CAM to push expenses to the tenants will add approximately $71,263.73 to the NOI. Average rents for office and Medical office in the area are $22-25/SF, Retail averages $40/SF. , to make this building a Landmark Building. Current NOI on the property is $157,276.71. Implementing a CAM to push expenses to the tenants will add approximately $71,263.73 to the NOI. Average rents for office and Medical office in the area are $22-25/SF, Retail averages $40/SF.

More Information MLS# RX-10910929

Contract Information

Status: Active Original List Price: 4995000 Auction: No List Price: $4,295,000 Current Price: $4,295,000 List Price/Bldg SqFt: 414.13 Listing Date: 2023-08-11 Comm/Non-Rep: 0% Comm/Buyer Agent: 3% Comm/Trans Brk: 3%

General Property Description

Type: Office For Sale: Yes For Lease: No Property Desc: 2000 N Federal Hwy Year Built: 1978 SqFt - Living: 10371 SqFt Source: Tax Rolls # of Stories: 3 Total Units: 5 Baths - Total: 5 Acres: 0.06 % Air Conditioned: 100 Waterfront: No

Location, Tax & Legal

Area: 3231 Geo Area: NUS1 Country: United States County: Broward Parcel ID: 484330000190 Street #: 2000 Street Dir: N Street Name: Federal Hwy Street Suffix: Highway State/Province: FL Zip Code: 33062 Zoning: B-3 Legal Desc: 30-48-43 S 100 OF N 550.58 OF W1/2 OF E 1/2 OF SW1/4 OF NW1/4 LYING E OF ST RD,S 100 OF N 550.58 OF W 200 OF E1/2 OF E1/ Tax Year: 2022 Real Estate Taxes: 35609.8 Geo Lat: 26.25603 Geo Lon: -80.099681

Remarks & Misc

Directions: East side of federal hwy across from Lowes

Office/Member Info

DXORIGMLNO: RX-10910929 DXORIGMLSID: RML

Building Info

# of Offices: 5

Property Features

Use: Professional Office; Retail; Other Type of Building: Free Standing; Medical; Office/Professional; Retail Construction: Concrete Location: County Sale Includes: Building and Land Avail Docs: Abstract; Survey Avail Info: Full Financials; Owner managed Flooring: Tile Cooling: Central Building; Electric Heating: Central; Electric Fire Protect: Smoke Alarm Tenant Pays: Taxes Utilities: Cable; Electric; Public Sewer; Public Water Security: Security Sys-Owned Roof: Other Terms Considered: Cash; Conventional; Exchange Lease: 1-3 Years; 4-6 Years
Listing Office: Sutter & Nugent LLC
Last Updated: March - 08 - 2024
2000 N Federal Hwy Highway, Pompano Beach, FL 33062- MLS# RX-10910929
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popdevteam2000 N Federal Hwy Highway, Pompano Beach, FL 33062 (MLS# RX-10910929)