PROPERTY DESCRIPTION
NAI Miami Commercial Real Estate Services, Worldwide and Fisher Auction are pleased to offer for sale 6.23 acres of improved, ready to develop land at the main entrance to Seneca Industrial Park in Pembroke Park, Florida.
The land is located on the north side of West Hallandale Beach Boulevard, an active six-lane artery at the northeast corner of its signalized intersection with SW 32nd Avenue. Public water, electric and telephone are available to the site. The rectangular parcel is approximately 800’ x 340’, is relatively level and above grade. The parcel is zoned B-1, Town of Pembroke Park, Florida. This zoning classification permits a vast array of different commercial uses, as well as some residential uses by special exception.
The immediate neighborhood is 90% developed with a variety of commercial property types along the major east/west thoroughfares with residential off the major thoroughfares north and south of the commercial corridors. Commercial development includes a variety of office, retail and general commercial uses. The area in the immediate vicinity of the land parcel contains gas stations, retail stores, commercial buildings, office buildings, restaurants and gun stores.
Directly behind the land is the Seneca Industrial and Business Park, an 885,000 square foot, Class A distribution and warehouse facility (www.senecaindpark.com), which is comprised of large warehouse and distribution buildings, some corporate headquarters and a Broward County, Florida Sheriff substation. Traffic counts in front of the land are strong at 45,500 vehicles per day.
Minutes from the Florida Turnpike and Interstate 95, this site is ideal for multiple development types serving the immediate trade area and the eastern side of the tri-county area. The convenient access and ample transportation network permit quick commuting to Port Everglades, the Fort Lauderdale/Hollywood International Airport, Port Miami and the Miami International Airport.
The sale is being authorized pursuant to an order of the United States Bankruptcy Court, Southern District of Florida, Case #19-20513-JKO, Chapter 7, East Coast Inv., LLC, under the direction of Deborah C. Menotte, Chapter 7 Trustee. An in-person auction is tentatively scheduled for Thursday, March 26, 2020 with a hearing for the approved buyer’s contract in Bankruptcy Court tentatively set no later than two (2) business days after the auction. The trustee is seeking a Stalking Horse purchaser. Prospective purchasers should submit their offer on the proposed purchase and sale agreement substantially conforming to the following recommended terms (Stalking Horse Contract”): 1. A deposit equal to ten percent (10.00%) of the purchase price; 2. An all cash offer; 3. No contract contingencies; 4. The next competing offer must be a minimum of one and one-half percent (1.50%) in excess of the Stalking Horse contract; and, 5. A breakup fee equal to one percent (1%) of the Purchase Price payable to purchaser in the event purchaser is determined not to have submitted the highest and best bid at the auction and the Trustee/seller transfers, sells the property to another party.
This is a unique opportunity to control a large tract of land in eastern Broward County, Florida capable of supporting a wide variety of uses at an attractive market price.
For more information, please visit: www.senecatowncenter.com
