Listed by Matthews
$4,000,000
Owner/User Industrial
Details
APN 48-42-24-27-0240
Property Type Industrial
Sub Type Warehouse
Square Footage 15,900
Tenancy Vacant
Price per SqFt $252
Year Built 1973
Year Renovated 1985
Buildings 1
Stories 1
Acreage 0.500
Zoning I-1
Parking Spaces spaces
Ceiling Height 12'
Dock High Doors 1
Prime Owner/User Opportunity | Infill Location
Investment highlights
- Prime Owner/User Opportunity: With the property delivered vacant, 2881 NE 7th Ave presents a compelling opportunity for an owner/user seeking immediate occupancy in a well-located flex industrial facility. The building’s configuration provides flexibility to occupy the entire space or lease a portion to generate supplemental income – offering operational control alongside a built-in path to NOI from day one.
- Infill Location: Situated in Pompano Beach, the property benefits from one of the most supply-constrained industrial markets in South Florida. Pompano Beach continues to attract flex, distribution, and service-oriented users due to its central positioning within Broward County, strong labor availability, and consistent year-over-year rent growth driven by limited new deliveries.
- Strategic Regional Connectivity: Located with direct access to I-95, the Florida Turnpike, and US-1, the property provides efficient logistics connectivity throughout the tri-county region and beyond. Its proximity to Fort Lauderdale-Hollywood International Airport, Port Everglades, and major last-mile distribution hubs makes it an ideal operational base for a wide range of industrial and service users.
- Limited Competing Supply: Pompano Beach’s industrial submarket continues to experience historically low vacancy rates and minimal new flex industrial development. This constrained supply environment supports strong long-term asset appreciation and robust tenant demand, enhancing the property’s value as both an owner/user acquisition and a future investment hold.
- Diverse, Resilient Economic Base: The surrounding Pompano Beach submarket is supported by a broad mix of industries including construction services, logistics, marine, light manufacturing, and professional services. This diverse economic foundation drives stable industrial demand and underpins long-term value in one of Broward County’s most established and active industrial environments.
Listing Contacts
Listed by Matthews
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