For Sale
$3,750,000

3157 University DrPembroke Pines, FL 33024

12,189 SF Medical Office, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 12,189-square-foot medical office building presents a compelling investment opportunity in Pembroke Pines, Florida. Located at 3157 N University Dr, 33024, this single-story, 1982-built property sits on a 0.82-acre lot and boasts 48 parking spaces. The building currently operates as a six-unit complex, fully leased, although a 3,139-square-foot space may soon become available, presenting potential for owner-occupancy or further leasing. The property enjoys significant visibility with approximately 165 feet of frontage on N University Drive, a major thoroughfare experiencing an average daily traffic count of 47,000 vehicles (2023 FDOT AADT data). Its B-2 zoning allows for a variety of commercial uses, complementing its current medical office function. The strategic location offers proximity to major retailers such as Target, Walmart, and Starbucks, and is approximately one mile from Memorial Hospital Pembroke. This property offers significant upside potential through future rent increases and potential adjustments to common area maintenance charges. The asking price for this prime medical office building is $3,750,000. The property's APN is 514103010372.

Highlights

  • Currently 100% leased, with potential for 3,139 square feet of vacancy.
  • Significant upside potential via rental rate increases and CAM adjustments.
  • +/- 165 feet of direct frontage on N University Drive.
  • High traffic location with an average daily traffic count of 47,000 vehicles on N University Drive (2023 FDOT data).
  • Excellent location near major retailers such as Target, Walmart, and Starbucks, and approximately one mile from Memorial Hospital Pembroke.

Property Details for 3157 University Dr

Property type
Office properties, Medical offices
Square Feet
12,189 SF
Year Built
1982
Buildings
1
Stories
1
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Pembroke Pines
County
Broward
State
Florida
Latitude
26.0371059
Longitude
-80.2482497
3157 University Dr, Pembroke Pines, Florida

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3157 University Dr
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