51 NE 10th St, Pompano Beach, FL 33060

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This Pompano Beach Land offering is a pre-approved, institutional-class self-storage development site. The offering has a total of 3.10 acres of land, or 135,192 square feet. There are two parcels included in the sale: the larger, 3.06 acre rectangular shaped piece of land on the corner of Dixie Highway and Northeast 10th Avenue and a small triangular shaped parcel of
property across Northeast 10th Avenue.

The Pompano Beach market is ideal for a self-storage investor due to its high barriers of entry and demographics. According to the 2012 U.S. Census, within a five-mile radius of the subject property there is a population of 270,345 people with an average household income of $65,987, both well above United States averages. Surrounding the subject property is a densely populated area with a mix of commercial buildings and residential neighborhoods. Noteworthy influences on the subject property’s real estate value in the area include the Pompano Beach Airpark, Isle of Capri Casino and the Palm Air Resort and Country Club. The city of Pompano Beach has been implementing a Community Redevelopment Plan for the area surrounding the subject property which plans to attract commercial developments to the old downtown area.