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Active multifamily SALE

500 Se 23rd Ave, Pompano Beach, Florida 33062

Pompano Beach, FL 33062

$1,325,000
Property Details
MLS# F10541569
Type Multifamily
Year Built 1953
Tax Amount $20,162

Property Description

Multifamily 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 Pompano’s 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.
Amenities
1 Stories
Built 1953
Cooling: Central Air, Electric
Heating: Central, Electric, Individual

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30 Year Fixed, 6.59% Interest
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Property Location
Listing Office: United Realty Group, Inc
Listing Agent: Gary Brown

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