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Zoned for Church + Schools + Live Local 2025 N Dixie Hwy 26,808 SF 100% Leased Retail Building Pompano Beach, FL 33060 $10,864,000 CAD ($405.25 CAD/SF) 4.54% Cap Rate
Investment Highlights
- Live-Local High-Rise Redevelopment Site on US-1 (N Dixie Hwy) in Pompano Beach
- Supports 120-140 Units and up to 8–10 stories high by right under Live Local
- Great retail/Office building 100% leased
- 1.54-Acre B-3 Zoned Assemblage eligible for unlimited residential density and increased FAR
- Entitlement-Ready Live Local Development Opportunity
Executive Summary
City Zoning Confirmation Supporting Residential Density Under Live Local
Cash-flowing Live Local redevelopment opportunity on North Dixie Highway (SR-811) in Pompano Beach. The ±1.54-acre site is improved with 26,808 SF of existing retail/office space, currently generating $571,884 in annual income, while also supporting a future ±140-unit mixed-use development by right, subject to site plan approval.
The asset offers immediate value-add through below-market rents. Current in-place rents average approximately $21/SF, with a clear mark-to-market opportunity to $30/SF, increasing projected gross income to approximately $804,240 annually and projected NOI to ~$560,000+.
This is a true covered land play, where existing cash flow helps offset the hold period while ownership executes a dual strategy of rent growth and future redevelopment under the Live Local Act.
Cash-flowing Live Local redevelopment opportunity on North Dixie Highway (SR-811) in Pompano Beach. The ±1.54-acre site is improved with 26,808 SF of existing retail/office space, currently generating $571,884 in annual income, while also supporting a future ±140-unit mixed-use development by right, subject to site plan approval.
The asset offers immediate value-add through below-market rents. Current in-place rents average approximately $21/SF, with a clear mark-to-market opportunity to $30/SF, increasing projected gross income to approximately $804,240 annually and projected NOI to ~$560,000+.
This is a true covered land play, where existing cash flow helps offset the hold period while ownership executes a dual strategy of rent growth and future redevelopment under the Live Local Act.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2027) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,092,158
|
$59.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,092,158
|
$59.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$283,813
|
$15.40
|
| Net Operating Income |
$808,345
|
$43.86
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,092,158 |
| Annual Per SF | $59.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,092,158 |
| Annual Per SF | $59.26 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $283,813 |
| Annual Per SF | $15.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $808,345 |
| Annual Per SF | $43.86 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
26,808 SF
Building Class
C
Year Built
1989
Price
$10,864,000 CAD
Price Per SF
$405.25 CAD
Cap Rate
4.54%
NOI
$492,806 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 (2.24 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 | - | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 48-42-26-21-0010 | Improvements Assessment | $2,226,998 CAD (2026) |
| Land Assessment | $526,144 CAD (2026) | Total Assessment | $2,753,141 CAD (2026) |
Property Taxes
Parcel Number
48-42-26-21-0010
Land Assessment
$526,144 CAD (2026)
Improvements Assessment
$2,226,998 CAD (2026)
Total Assessment
$2,753,141 CAD (2026)
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Zoned for Church + Schools + Live Local | 2025 N Dixie Hwy
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