Description

This is a UNIQUE opportunity to invest a COMMERCIALLY ZONED property in a centrally located growth area in Pompano Beach. The location of this piece of property offered in Pompano Beach is at 160 N.W. 31st Ave., 33069. This property is currently operating as a nursery, but can be developed into any commercial venture. This parcel is a full one acre commercially zoned lot. Just a couple of blocks from the entrance to the Florida Turnpike, this is an extremely busy commercial sector with lots of traffic, and a great central location. This property is 127 feet wide along N.W. 31st Ave. and 303 feet deep. N.W. 31st Ave. is a main road that carries traffic from the Turnpike entrance to Atlantic Blvd. Each of these two fully fenced properties are centrally located to both north and south, and close to the Florida Turnpike corridor, and viable for virtually any type of commercial enterprise. Demand for office and retail space has been strong in these areas, and investment dollars are continuing to flow into commercial sectors nationally at record levels, according to latest commercial real estate outlooks. Nationally, commercial vacancy rates have been declining in all of the major commercial sectors and rents have been rising at healthy rates. Job growth and international trade are fueling demand for space and facilities in this area. Investment grade real estate has been changing hands at unprecedented rates, demonstrating that the value of portfolio diversification into commercial real estate is being embraced strongly in the investment marketplace. One of the areas with the lowest industrial vacancies is West Palm Beach. The proximity of this area of Ft. Lauderdale to West Palm Beach and Miami via the Florida Turnpike gives this land a solid commercial real estate value. Located at the center of the tri-county region, Broward County offers a wide array of business opportunities for growth-oriented services, distribution, manufacturing, retail and construction firms. Commercial real estate refers to office buildings, shopping centers, hotels, warehouses, manufacturing facilities, apartment complexes, and the land that has the potential for development for these types of buildings. Large institutional investors have been increasing their asset allocations to commercial property holdings. The Pompano Beach business communities are very conducive to fostering a demand for commercial real estate and business growth. From software technology to international trade, from financial services to tourism, diversified business climate. In recent years, Broward County has substantially outpace the national economic growth rate, while the county’s population has climbed to nearly 1.7 million. Broward County is at the heart of the fast-growing South Florida region.

• PROPERTY TYPE

  Commercial Property

• County

  Broward

• FULL BATHS

  0

• YEAR BUILT

  --

• LIVING AREA SIZE

  --

• FLOORS

  --

• GARAGE

  None

• AD ID

  38746080