500 23rd Avenue, Pompano Beach, FL 33062
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Priced at Only: $1,325,000
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Address: 500 23rd Avenue, Pompano Beach, FL 33062
Property Location and Similar Properties
- MLS#: F10541569 ( Commercial Sale )
- Street Address: 500 23rd Avenue
- Viewed: 1
- Price: $1,325,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1953
- Bldg sqft: 0
- Days On Market: 115
- Additional Information
- Geolocation: 26 / -80
- County: Broward
- City: Pompano Beach
- Zipcode: 33062
- Provided by: United Realty Group, Inc
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DescriptionMultifamily Redevelopment Opportunity Pompano Beach.Prime 0.26 acre (11,326 SF) site just blocks from the Intracoastal and the revitalized Atlantic Blvd corridor. Existing 5 unit multi family villa complex with courtyard and patio spaces offered as is; ideal for redevelopment into 5 modern luxury townhomes, consistent with surrounding new construction. Located within Pompanos East Transit Oriented Corridor, enhancing redevelopment flexibility. Surrounded by significant luxury and mixed use investment, marinas, beaches, and waterfront dining. Strong buyer demand with limited supply of new luxury townhomes creating a scarcity premium. Rare opportunity combining income hold with long term redevelopment upside. Do not disturb tenants. Multifamily site just blocks from the Intracoastal and Atlantic Blvd existing 5 unit/3 building structure (built in 1953) being sold as is development opportunity. Please contact agents for more information.
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Garage and Parking
- Parking Features: Common
Eco-Communities
- Water Source: Public
Utilities
- Road Frontage Type: City Street
- Sewer: Public Sewer
Finance and Tax Information
- Tax Year: 2024
Other Features
- Legal Description: SANTA BARBARA ESTATES 9-10 B SEC A LOT 1, 2 BLK 6
- Parcel Number: 494306070310
- Zoning Code: RM-20
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