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31395705
31395704

50 NE 26th Ave, Pompano Beach, FL 33062

DM
Unpriced
75 days on market
Updated 75 days ago

50 NE 26th Avenue

Details
Property Type Office
Sub Type Medical Office, Professional Office
Square Footage 30,537
Year Built 1975/1976
Stories 4
Lot Size (SqFt) 10,892
Zoning EOD (Eastern Overlay District)

Office | 30,537 SqFt

Marketing description

Neal Realty & Investments Inc., as exclusive representative, is pleased to present 50 NE 26th Avenue [the “Property” or “Building”], a four story professional and medical office asset located in the heart of Pompano Beach. Totaling approximately 30,537 square feet, the Building is positioned just north of Atlantic Boulevard and one block west of the Intracoastal Waterway, in an established coastal neighborhood that is experiencing significant reinvestment and long term growth. The Property operates as a medical and professional center and is currently improved with multiple office and medical suites, historically serving a diverse mix of healthcare providers and professional users. Public records and past transaction commentary describe the Building as a four story structure containing approximately 16 suites, consistent with its long standing identity as a professional and medical address. Suites range from approximately 663 square feet to 4,758 square feet, offering flexible configurations suitable for individual practitioners, group practices, and general office tenants. Recent capital projects include elevator upgrades completed between 2022 and 2023 and the 50 year Building Safety to be completed shortly, both of which materially reduce near term capital exposure and enhance operational reliability. The site provides a combination of surface parking and gated covered parking, an important advantage for medical and professional tenancy in a coastal infill location. Although the Building benefits from established occupancy and a strong historical performance record, the Offering presents clear upside potential. New ownership may pursue targeted interior enhancements, implement a coordinated window upgrade program, and gradually reposition rents toward current submarket levels as the surrounding neighborhood continues to densify and attract higher income residents.

50 NE 26th Avenue is situated in an established yet rapidly improving coastal pocket of East Pompano Beach, just north of Atlantic Boulevard and west of the Intracoastal Waterway. This location places the Building minutes from the beach and in close proximity to several of the city’s most important retail, recreational, and lifestyle destinations, all within a neighborhood that serves a growing year round residential base. To the north along Federal Highway, Pompano Citi Centre serves as a major open air shopping destination anchored by national retailers, dining options, and service providers, offering strong daily traffic. The Property is also advantageously positioned near the Pompano Beach Golf Course, a city owned amenity featuring the Greg Norman designed Pines Course and the long established Palms Course, both of which attract consistent local and regional play.

Convenience based retail and dining are readily accessible. Multiple Publix locations operate within the immediate trade area, and the highly regarded waterfront restaurant Houston’s on the Intracoastal sits just east of the Property along Atlantic Boulevard, reinforcing the area’s appeal to higher income residents and professionals. The luxury residential pipeline in East Pompano Beach further underscores the neighborhood’s upward trajectory. Along South Ocean Boulevard, the planned Waldorf Astoria Residences Pompano Beach will introduce the brand’s first standalone residential tower to the market, with delivery targeted around 2027. Nearby, The Ritz Carlton Residences Pompano Beach adds another collection of ultra luxury residential offerings with premium amenities. These developments are expected to elevate the city’s profile, increase the local base of high net worth residents, and generate additional demand for medical, wellness, and professional services.

Recent ownership commentary and market activity describe Pompano Beach as undergoing a genuine “renaissance,” driven by public investment, redevelopment, and shifting demographics. Within this environment, 50 NE 26th Avenue benefits from walkability to the beach, convenient access to US 1 and Atlantic Boulevard, and proximity to a deepening mix of lifestyle amenities. This combination of coastal location, demographic improvement, and ongoing reinvestment supports durable tenant demand and positions the Property as a preferred address for medical and professional users within a growing community.

Investment highlights

  • Four story medical and professional office building totaling approximately 30,537 SF
  • Suites from 663 SF to 4,758 SF, accommodating a broad mix of medical and professional users
  • Elevator upgrades completed in 2022 to 2023-and-50-year building safety Inspection is under way. The structural has been completed with electrical to be completed by early Spring, reducing near term capital risk
  • On site surface parking and gated covered parking for staff, patients, and visitors
  • Located one block west of the Intracoastal, with upper floor suites offering partial water views
  • Attractive upside through suite refreshes, exterior window upgrades, and rental repositioning as the area continues to strengthen
  • Construction & Structure:
  • stem wall construction
  • CBS (Concrete Block Structure).
  • Concrete deck over parking.
  • Flat concrete roof system
  • Roof assembly includes rolled asphalt, tar, and gravel
  • Capital Improvements & Value-Add Opportunities:
  • Renovated lobby
  • Elevator modernization completed
  • Fourth-floor window replacement completed
  • Value-add opportunity through installation of additional windows
  • HVAC Systems:
  • Tenants generally maintain their own HVAC systems per lease requirements
  • Tenant systems range from approximately 2-ton to 6.5-ton units
  • Landlord maintains HVAC systems serving common areas, including the lobby and floors 2 through 4
  • Zoning:
  • Zoning Designation: EOD (Eastern Overlay District)
  • Allows for a mix of office, medical, and professional uses
  • Intended to support employment-oriented development with enhanced design standards

Listing Contacts

DM

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Additional Information

Name
Debra (DK) Mink
License
127521
Brokerage
Neal Realty&Investemnst, Inc
Brokerage Phone
954-568-0530
Title
Assc Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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