Investment Highlights
Prime Location and high traffic exposure
Flexible Zoning allows for a broad spectrum of potential uses, including medical offices, educational centers, financial institutions, and restaurants
75 parking spaces with a parking ratio of 6 spaces per 1,000 square feet of rentable area
Executive Summary
Marcus & Millichap is delighted to present an exceptional investment opportunity at 1701 N University Dr, Pembroke Pines, FL 33024. This versatile property, previously leased to CVS, stands as a prime commercial asset, ideally situated at the high-traffic, signalized intersection of University Drive and Taft Street, boasting impressive traffic counts of 47,000 vehicles per day (VPD).This property spans over 12,000 square feet of rentable area and occupies more than 1.5 acres of land, providing ample space for various business operations. With 75 parking spaces, the property offers a parking ratio of 6 spaces per 1,000 feet of rentable area, ensuring convenience for both employees and customers.The property features multiple entrances, enhancing accessibility and ease of use. Inside, it includes four private offices, two restrooms, and both first and second-floor storage spaces, providing ample room for administrative functions and inventory management. Operational efficiency is further enhanced by an extensive walk-in cooler, a garage door for merchandise loading, and a conveyor belt that facilitates the movement of goods between floors. Additionally, the property includes a fully built-out pharmacy space in the back, complemented by a convenient drive-through.Located within the Walnut Creek Plaza Commercial Center Master Association, the property is zoned as Planned Unit Development (PUD). However, its strategic location aligns with the General Business District (B-3) zoning, allowing for a broad spectrum of potential uses. These permitted uses include continuing education centers and colleges, animal hospitals, general and specialized medical offices, dental and physical therapy rehab centers, outpatient surgical facilities, urgent care centers, banks, credit unions, financial institutions, business and professional offices, and restaurants, with or without drive-through facilities.This commercial property is an excellent investment for those looking to capitalize on its prime location, flexible usage potential, and existing high-quality infrastructure. The property's versatile zoning and extensive list of permitted uses make it suitable for a variety of tenants and business types. Its comprehensive facilities, including the pharmacy setup and drive-through, reduce the need for extensive modifications, allowing for a smoother transition and quicker operational start-up.With its prime location in a bustling area, significant traffic exposure, and ample parking, this property is well-positioned to attract high customer and staff volumes. The opportunity to acquire such a versatile and well-positioned asset in the vibrant market of Pembroke Pines is rare and highly valuable.
