605 S Riverside Dr

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605 S Riverside Dr

Pompano Beach, FL 33062
Asking Price
$4.10M
Asset Type
Retail
Class
Class B

What's Special

605 S Riverside Drive is situated in the waterfront district of Pompano Beach, located just blocks from the Atlantic Ocean and the Intracoastal Waterway. The surrounding neighborhood is characterized by a mix of residential condominiums and tourist-oriented businesses. The property benefits from proximity to the Pompano Beach Fishing Pier and the Atlantic Boulevard commercial corridor, providing access to national retailers and local hospitality amenities. Transportation is supported by immediate access to State Road A1A and Federal Highway, connecting the site to the broader Broward County region. The property is suited for retail concepts that cater to both the year-round local population and the seasonal tourism market. Ideal use cases include boutique storefronts, neighborhood service providers, or specialty food and beverage operators. The typical tenant profile consists of established local businesses or regional brands seeking visibility in a high-density coastal environment. Given the pedestrian-friendly nature of the Riverside Drive area, the site is positioned to capture foot traffic from nearby beachfront residents and visitors frequenting the local public parks and docks.

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NOI
$80,000
Cap Rate
1.95%
DSCR
0.33
Underwater
Cash-on-Cash
-13.29%
Monthly Payment
$20,284.563
Annual Cash Flow
$-163,414.756

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