6400-6402 Pembroke Rd 4,821 SF 100% Leased Retail Building Miramar, FL 33023 $1,673,708 CAD ($347.17 CAD/SF) 6.83% Cap Rate

Now available for $1,275,000, this prime investment property offers a strong 6.83% cap rate, making it a fantastic opportunity for investors looking for solid returns or future development potential.
Property Highlights
5 Units Generating Income
• Unit 1: $1,800/mo
• Unit 2: $1,400/mo
• Unit 3: $2,000/mo
• Unit 4: $1,350/mo
• Unit 5: $1,200/mo
Total Monthly Rental Income: $7,750
Total Annual Rental Income: $93,000
Net Operating Income (NOI): $81,840/year
Cap Rate: 6.42%
Total Building Square Footage Under Air is 4,821 sq ft
Total Lot 13,641 sq ft

Prime Location & High Visibility
Daily Traffic Count: 33,000 cars per day – exceptional visibility for future development or business exposure
Strategically Located – Situated between 441 and Florida’s Turnpike, providing easy access to major highways and business hubs
Favorable Zoning – Allows for a variety of development opportunities
Flexible Investment Opportunity
Fully Occupied – All tenants are currently on month-to-month leases, offering flexibility.
Options to Extend or Redevelop – Tenants can stay, or the properties can be developed to maximize their potential in order to meet your specific real estate needs.
High Demand Area – Prime location with excellent rental potential and future appreciation.
Whether you’re looking for immediate cash flow or a strategic development opportunity, this property is an excellent addition to any investor’s portfolio.
B-2 zoning refers to the Community Business District. This zoning classification is designed to accommodate a variety of commercial activities that serve the community’s needs. Permitted uses within the B-2 district typically include:
• Retail stores
• Personal service establishments
• Professional offices
• Eating and drinking establishments
The benefits of B-2 zoning are:
1. Diverse Commercial Opportunities: It allows for a wide range of business types, fostering economic growth and providing residents with various services and shopping options.
2. Community Accessibility: Businesses in B-2 zones are strategically located to be easily accessible to the local population, enhancing convenience for daily needs.
3. Economic Vitality: By supporting a mix of commercial uses, B-2 zoning contributes to a vibrant local economy and can increase employment opportunities within the community.
For detailed information on specific regulations and permitted uses within the B-2 zoning district, you can refer to the City of Miramar’s Land Development Code.
All information provided is deemed reliable but is not guaranteed and should be independently verified.