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Cash-flowing Live Local City Zoning Confirmed 2025 N Dixie Hwy 26,808 SF 100% Leased Retail Building Pompano Beach, FL 33060 $10,791,440 CAD ($402.55 CAD/SF) 5.48% Cap Rate
Investment Highlights
- Live-Local High-Rise Redevelopment Site on US-1 (N Dixie Hwy) in Pompano Beach
- Supports 250 to 550+ Units and up to 30 stories by right under Live Local
- 1.54-Acre B-3 Zoned Assemblage eligible for unlimited residential density and increased FAR
Executive Summary
This 1.54-acre income-producing commercial assemblage is located along North Dixie Highway (State Road 811) in Pompano Beach, Florida. The property consists of two B-3 zoned parcels totaling 66,904 SF of land, improved with 26,808 SF of two-story retail and office buildings, currently occupied by 14 tenants and generating $571,884 in annual rental income.
Because the site is commercially zoned, fronts a state roadway, and permits residential use, it qualifies under Florida’s Live Local Act, providing a statutory residential density override, parking reductions, and development flexibility. Under a mid-rise, 8-story execution, the property supports an estimated ±140–155 residential units by-right under Live Local density limits, subject to standard site plan approval. Importantly, this program does not rely on high-rise height. Density is achieved through statutory relief, materially reducing entitlement risk, construction complexity, and execution timelines.
Because the site is commercially zoned, fronts a state roadway, and permits residential use, it qualifies under Florida’s Live Local Act, providing a statutory residential density override, parking reductions, and development flexibility. Under a mid-rise, 8-story execution, the property supports an estimated ±140–155 residential units by-right under Live Local density limits, subject to standard site plan approval. Importantly, this program does not rely on high-rise height. Density is achieved through statutory relief, materially reducing entitlement risk, construction complexity, and execution timelines.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$771,431
|
$41.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$771,431
|
$41.86
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$180,079
|
$9.77
|
| Net Operating Income |
$591,352
|
$32.08
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $771,431 |
| Annual Per SF | $41.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $771,431 |
| Annual Per SF | $41.86 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $180,079 |
| Annual Per SF | $9.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $591,352 |
| Annual Per SF | $32.08 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
26,808 SF
Building Class
C
Year Built
1989
Price
$10,791,440 CAD
Price Per SF
$402.55 CAD
Cap Rate
5.48%
NOI
$591,352 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
1.54 AC
Zoning
B-3 - Significant Density Upside Under Florida’s Live Local ActProperty supports a future 140 - unit residential development, subject to Live Local Act para
Parking
60 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
240’ on Dixie Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Eglise Evangelique Bapt Triomphe
- -
- -
- -
- -
- Fashion Barber Shop
- Services
- -
- -
- -
- Gjr Innovative Designer Inc
- Public Administration
- -
- -
- -
- Go Vodka Experience Drinks LLC
- Wholesaler
- -
- -
- -
- Iglesia Apostolica Roca De Salvacion
- -
- -
- -
- -
- Income Tax - Immigration
- -
- -
- -
- -
- Jojo Mini Market
- Retailer
- -
- -
- -
- Silo
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Eglise Evangelique Bapt Triomphe | - | - | - | - | ||
| Fashion Barber Shop | Services | - | - | - | ||
| Gjr Innovative Designer Inc | Public Administration | - | - | - | ||
| Go Vodka Experience Drinks LLC | Wholesaler | - | - | - | ||
| Iglesia Apostolica Roca De Salvacion | - | - | - | - | ||
| Income Tax - Immigration | - | - | - | - | ||
| Jojo Mini Market | Retailer | - | - | - | ||
| Silo | - | - | - | - |
Property Taxes
| Parcel Number | 48-42-26-21-0010 | Improvements Assessment | $2,220,455 CAD (2026) |
| Land Assessment | $524,598 CAD (2026) | Total Assessment | $2,745,052 CAD (2026) |
Property Taxes
Parcel Number
48-42-26-21-0010
Land Assessment
$524,598 CAD (2026)
Improvements Assessment
$2,220,455 CAD (2026)
Total Assessment
$2,745,052 CAD (2026)
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Cash-flowing Live Local City Zoning Confirmed | 2025 N Dixie Hwy
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