ONE Commercial Real Estate is pleased to present this exceptional opportunity to purchase a combined 7,708 SF of existing retail with prime frontage on East Sample Boulevard. This more than half acre site is located on a principal thoroughfare and benefits from an annual average daily traffic count of over 39,000 vehicles per day. Just east, the major intersection with North Federal Highway reports an annual traffic count exceeding 54,500 vehicles per day. This commercial corridor offers an excellent variety of business, shopping, dining, entertainment and access to beaches. ?
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Central Location. The site is located on the East Sample Rd business corridor which benefits from connecting the affluent neighborhoods of Hillsboro Beach and Lighthouse Point, where the average household income exceeds $100,000 within a 1-mile radius. This principal commercial corridor provides access to the best major commercial and public amenities the area has to offer. In addition, access to i95 just west provides convenient regional, Statewide, and Interstate accessibility.?
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Versatile Retail Space. Comprised of a strip center and freestanding building, the spaces are well positioned for high visibility ground floor retail.?
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Key Performance Indicators. The Pompano Beach retail submarket currently holds a low vacancy rate of 2.2% for general retail buildings. Rents have increased 4.6% in the past 12 months and are currently averaging $35.00/SF.?
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With its exceptional location and versatility in configuration, this opportunity is well positioned as a value-add for new tenants or business operations in the heart of East Sample Road’s Business District. The surrounding neighborhoods have seen tremendous growth with its mix of cultural vibrance and favorable location. ?