Property Attributes
- MLS#A11943771
- TypeSingle Family
- Listing Status Active
- CountyBroward
- CityPompano Beach
- Area3020
- Zip33060
- Style
- Year Built1984
- Taxes$ 76000
- Price$ 8,000,000
- Bedrooms14
- Full Bathrooms14
- Half Bathrooms0
- Sqr Footage26808
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Zoned for Church + Schools + Live Local Approved Cash-flowing Live Local redevelopment opportunity on North Dixie Highway (SR-811) in Pompano Beach. ±1.54 acres improved with 26,808 SF of existing retail/office buildings generating $570,000+ in annual income, while supporting a future ±140-unit residential development by-right under Florida’s Live Local Act, subject to site plan approval. In addition to redevelopment density, the asset offers near-term cap-rate compression through tenant upside. Current in-place rents average approximately $21/SF, materially below documented market leases in the $28–$32/SF range, providing a clear path to NOI growth through lease renewals and re-tenanting. This is not a retail acquisition. Developers are acquiring time, entitlement certainty, unit yield, and income growth. The property generates cash flow during the entitlement and planning phase, allowing the asset to pay for its own hold while value is enhanced on both the income and redevelopment fronts.
| Price History | |
|---|---|
| 1/21/2026 | Listed $9,500,000 |
| 1/21/2026 | 16$8,000,000 |
General Features
| Possession | ClosingAndFunding,CloseOfEscrow |
|---|---|
| Year Built | 1984 |
| Property Subtype | MixedUse |
| Tax Year | 2025 |
| Gross Income | 571884 |
| Business Type | Church |
| County | Broward |
| Property Type | CommercialSale |
| Full Baths | 14 |
| Status | Active |
| City | Pompano Beach |
| Zoning Description | B-3 |
| Number Of Units Total | 14 |
| MLS Area | 3020 |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 66904 |
| Listing Terms | Cash,Conventional,OwnerMayCarrySecond |
| Tax Annual Amount | 76000 |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11943771 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| PostalCity | Pompano Beach |
| Legal Description | KENDALL GREEN SECTION G 59-44 B COMM AT INTER OF EXT OF S/L & EXT OF E/L OF SAID SUB,NLY ALG E/L 200 TO POB,CONT NLY 125,WLY 147.80,SLY 125, |
Interior Features
| Total Bedrooms | 14 |
|---|
Exterior Features
| Lot Size Area | 66904 |
|---|---|
| Building Area Total | 26808 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Data Last Updated: September 11, 2026 9:24 PM UTC