Rare South Florida Portfolio: Four Vacant Freestanding Retail Assets

Description

Palm Beach & Broward County, Florida

Portfolio Overview

Prakas & Co. is pleased to present a confidential portfolio of four freestanding retail properties located throughout Palm Beach and Broward County, Florida. These properties are currently configured as large-format retail showroom and warehouse-style sales environments, offering immediate functionality for similar showroom, big-box, or display-oriented users.

At closing, each property will be delivered vacant, providing immediate occupancy or straightforward conversion potential for a wide range of retail, medical, fitness, service, and specialty commercial concepts.

Ownership is open to selling the portfolio as a complete package or individually, offering opportunities for both portfolio investors and single-site owner-users. Each asset features fee-simple ownership, on-site parking, strong visibility, and prime positioning along established commercial corridors.

This portfolio presents a rare combination of scale, market coverage, and flexible real estate in some of South Florida’s most supply-constrained retail submarkets.

Portfolio Highlights

• Four freestanding retail buildings
• Currently operated as furniture showroom / warehouse retail
• Delivered vacant at closing
• Fee-simple ownership
• Buildings ranging from ~13,000 to 21,000+ SF
• On-site surface parking at all locations
• Strong arterial road exposure
• Open-span layouts suitable for conversion
• Portfolio or individual acquisition options

PROPERTY BREAKDOWN

Full due diligence materials, floor plans, surveys, and additional property information are available upon request.

LAKE PARK (NORTH PALM BEACH MARKET)

Address: 1409 10th Street, Lake Park, FL 33403
Building Size: 21,395 SF
Asking Price: $7,250,000

Property Overview
Infill freestanding retail building in the Lake Park / North Palm Beach corridor near Northlake Boulevard. Currently configured as a large-format showroom with open-span interior and on-site parking. Immediate occupancy or flexible conversion opportunity in a submarket with limited competing inventory.

Highlights
• Infill Palm Beach County location
• Freestanding building with strong frontage
• Open-span showroom layout
• On-site parking and easy access
• Limited supply of comparable buildings

Potential Uses Include
Large-format retail or showroom, furniture or appliance store, home design center, medical or dental clinic, fitness or wellness facility, specialty retail, education or training center, service-oriented commercial use.

Google Maps
https://www.google.com/maps/search/?api=1&query=1409+10th+St+Lake+Park+FL+33403

POMPANO BEACH (POWERLINE ROAD)

Address: 3051 N Powerline Road, Pompano Beach, FL 33069
Building Size: 19,953 SF
Asking Price: $7,750,000

Property Overview
High-exposure freestanding retail building along Powerline Road in Pompano Beach. Situated on a large land parcel with multiple curb cuts and strong traffic visibility. The existing showroom-style configuration provides immediate usability, with excellent flexibility for conversion to alternative commercial uses.

Highlights
• Prime Powerline Road frontage
• Large land footprint with multiple access points
• Open showroom / warehouse-style interior
• On-site parking
• One of Broward County’s most flexible freestanding sites

Potential Uses Include
Showroom or warehouse-style retail, furniture or appliance store, fitness or wellness facility, medical or urgent care, hybrid retail/flex concept, specialty commercial use.

Google Maps
https://www.google.com/maps/search/?api=1&query=3051+N+Powerline+Rd+Pompano+Beach+FL+33069

LAKE WORTH (DIXIE HIGHWAY)

Address: 1630 S Dixie Highway, Lake Worth, FL 33460
Building Size: 12,927 SF
Asking Price: $5,050,000

Property Overview
Freestanding retail building along Dixie Highway in Lake Worth. Currently configured as a large-format showroom with open interior layout and on-site parking. Offers immediate occupancy or efficient conversion for a range of commercial users seeking an attainable Palm Beach County location.

Highlights
• Strong Dixie Highway visibility
• Open showroom layout
• On-site surface parking
• Attractive entry price point
• Immediate occupancy opportunity

Potential Uses Include
Regional retail operator, medical or clinic user, specialty retail, service-based operator, showroom or design center.

Google Maps
https://www.google.com/maps/search/?api=1&query=1630+S+Dixie+Hwy+Lake+Worth+FL+33460

FORT LAUDERDALE (SUNRISE BOULEVARD)

Address: 770 W Sunrise Blvd, Fort Lauderdale, FL 33311
Building Size: 20,406 SF
Asking Price: $8,000,000

Property Overview
Rare opportunity to acquire a vacant freestanding retail building in a core Fort Lauderdale commercial corridor. The property features strong frontage, high visibility, open showroom-style interior, and on-site parking. Delivered vacant for immediate occupancy or repositioning.

Highlights
• Core Fort Lauderdale location
• Sunrise Boulevard frontage
• Open-span showroom configuration
• On-site surface parking
• Long-term land and redevelopment upside

Potential Uses Include
Flagship retail, showroom, fitness or wellness operator, medical or clinic user, specialty retail, redevelopment or repositioning opportunity.

Google Maps
https://www.google.com/maps/search/?api=1&query=770+W+Sunrise+Blvd+Fort+Lauderdale+FL+33311

ACQUISITION STRUCTURE

• Portfolio acquisition preferred
• Individual property acquisitions considered
• Fee-simple ownership
• Vacant possession at closing

NEXT STEPS

Full property details, site plans, surveys, floor plans, and due diligence materials are available upon request.

Access to full addresses, pricing guidance, and offering materials is restricted to qualified buyers and exclusively represented brokers. To protect ownership confidentiality and properly register buyer representation, an executed Non-Disclosure Agreement is required prior to releasing full portfolio details.

[Unlock Full Portfolio Details – NDA Required]

Qualified buyers and exclusively represented brokers may register here to receive the complete offering package.

(All inquiries are routed directly to Prakas & Co.)

CONTACT

For more information or to schedule a private review:

Prakas & Co. – Florida’s #1 Hospitality Brokerage
Office: 561.368.0003
tom@prakascompany.com
chas@prakascompany.com
nick@prakascompany.com
www.prakascompany.com

FINAL NOTE

Buildings are currently operated as furniture showroom and warehouse-style retail facilities and will be delivered vacant at closing, providing immediate occupancy or reconfiguration flexibility for future users.

• Size: 74,681 SF (Total Combined Building Area)
• Lease: Properties delivered vacant at closing
• Infrastructure Included: Freestanding retail buildings with open-span showroom layouts, existing retail build-outs, and on-site surface parking
• Zoning: Commercial retail zoning suitable for a wide range of uses
• Concept Exclusion: No use restrictions – suitable for retail, medical, fitness, showroom, and service-based concepts
• Current Tenants: Owner-occupied furniture showroom operations (vacating at sale)