Butters Acquires Commercial Development Site In Pompano Beach For $3.9 Million

Tiktin Real Estate Investment Services (TREIS) announced the sale of a 6.14-acre vacant site ripe for redevelopment at 1698 N. Andrews Ave. in Pompano Beach.

Butters Group, led by Malcolm Butters, acquired the site from Florida Waves Project, LLC for $3,911,333. Adam J. Tiktin, president and broker of TREIS, represented both the Buyer and Seller in the transaction.

Closing took place April 6.

The property is located just off I-95 between West Atlantic Boulevard and West Copans Road and offers 920 feet of frontage along North Andrews Avenue. The site is situated in a predominantly industrial area, near powerhouse companies such as UPS, Whole Foods, Public Storage, Old Dominion, Cemex, Restaurant Depot and more.

The site is zoned for office and industrial use.