1126 Dr Martin Luther King Jr Boulevard, Pompano Beach, FL 33069 — MLS photo

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1126 Dr Martin Luther King Jr Boulevard, Pompano Beach, FL 33069

Active · CommercialSale

$3,400,000

1126 Dr Martin Luther King Jr Boulevard, Pompano Beach, FL 33069

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1945
Lot size
58,765 sq ft
HOA fee
—
Annual tax
—

About this property

Fisher Auction Company is pleased to present a prime 1.35± Acre Fuel Service Facility with Retail Building and Outdoor Storage in the Heart of Pompano Beach, Florida. PROPERTY HIGHLIGHTS- Prime Investment or User Property with Diesel Fuel Service, Retail Building and Outdoor Storage- Large 1.35± Acre Site adjacent to the busy Pompano State Farmers Market- Compliant Fuel Tanks with Recent Test Results- Income Generating Outdoor Storage with Upside Potential- Close Proximity to I-95, Florida Turnpike, and the Planned Billion Dollar Pompano Beach New Downtown Site- Central Location to Employment Centers with attractive commute times that include 45 Minutes to West Palm Beach and One Hour to Miami- 3,242± Square Foot 2 Story Retail Building can be utilized for Multiple Purposes- 2024 Phase 1 Environmental Site Assessment and Active Monitor Wells- Pompano Beach is experiencing Rising Growth, a Healthy Jobs Market and Steady DevelopmentPROPERTY DETAILS- Location: South Side of Dr MLK Jr Blvd between I-95 Overpass and N Andrews Avenue- Access: 3 Curb Cuts along Dr MLK Jr Blvd- Building Size: 3,242± Gross Square Feet- Land Area: 58,765± Square Feet / 1.35± Acres- Current Use: Fuel Service Facility with Retail Building and Outdoor Storage- Year Built: 1958, Recent Improvements- Frontage: 425± Feet along Dr MLK Blvd- Zoning: I-1 General Industrial. See the Zoning Section for Permitted Uses and Building Requirements- Flood Zone: Zone AH. FIRM Panel No. 12011C0357J- Utilities: Municipal Water and Sewer- Electric: Florida Power & Light- Parking: Ample Service Parking with 27,000± SF of Outdoor Storage Space-Construction: Concrete Block Construction, Single Pane Glass Windows, Built-Up Flat Roofing-Annual Average Daily Traffic: 21,500

Property location

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1126 Dr Martin Luther King Jr Boulevard, Pompano Beach, FL 33069

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
CommercialSale
Year built
1945
Lot size
58,765 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
F10502005
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$6,654

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$16,118/mo
Down payment
$850,000
Loan amount
$2,550,000
Annual NOI
$113,560

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.