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3840 Coconut Creek Pkwy, Coconut Creek, FL, 33066

Vacant Medical Office/Retail
$1,400,000

Key Information

$ per SF
$342
Tot. SF
4,083
Lot Size
0.41 Acres
Year Built
1980
Type
Healthcare

Highlights

  • Flexible Zoning: The property is zoned B-3, allowing ~45 uses by right and ~25 more via special approval, including medical, retail, and office uses.
  • Below Replacement Cost: At $1.4M for ±4,083 SF ($343/SF), the price is compelling compared to current South Florida construction costs.
  • Medical Build-Out: Fully built out for medical use with specialized plumbing, enabling immediate occupancy for medical users and reducing TI costs.
  • Owner-User or Investment: Suitable for owner-users or investors seeking value-add through lease-up or repositioning in a high-visibility corridor.
  • Prime Visibility: Located on Coconut Creek Parkway with ±26,500 VPD, offering high-visibility frontage on a major commercial corridor.
  • Medical Demand Tailwinds: South Florida’s aging and growing population drives demand for medical office and clinic space, which this property is positioned to capture.
  • Infill Location: Built-out municipality with limited vacant land, supporting long-term rent growth and value appreciation.
  • Near Major Development: Minutes from the $1B+ MainStreet at Coconut Creek mixed-use project, a major future demand driver.
  • Established Corridor: Surrounded by national retailers and financial institutions, reinforcing commercial viability and daily traffic.
  • Near Broward College: Steps from Broward College North Campus, generating daily foot traffic and demand for service tenants.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203