MIAMI (August 11, 2021) — Franklin Street has arranged the sale of a 1.87-acre vacant site ripe for development at 3900 W. Hallandale Beach Blvd. in Pembroke Park, Florida. KEI Acquisitions LLC acquired the site from Aspen Nursery, LLC, also known as Aspen Nursery, LLC & Canal Street, LLC, for $2.8 million.

Adam J. Tiktin and Greg Matus, of Franklin Street’s Florida Investment Sales Team, represented both the buyer and seller in this transaction. The deal closed on July 29. 

The property offers 655 feet of frontage along West Hallandale Beach Boulevard and can accommodate drive-through services. The site is zoned for commercial use and is ideal for retail, office, restaurants or shopping center.

“This property presented a rare opportunity to acquire a well-located development site in South Florida’s increasingly constrained land market,” said Tiktin. “Further, the site’s flexible zoning and excellent visibility on Hallandale Beach Boulevard make it prime for a variety of retail and commercial uses.”

Located within the Business District of Pembroke Park, the site is situated between Hallandale Beach and Miramar and just minutes away from I-95. Hallandale Beach Boulevard is the main east-west throughway connecting these two cities, with traffic counts estimated at 44,000 vehicles per day.