500 SE 23rd Avenue, Pompano Beach, FL 33062

$1,325,000

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List Price: $1,325,000
Price Change: ▼ $125,000 1772236624
MLS#: F10541569
Subtype: Multi Family
County: Broward
Year Built: 1953

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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.

954-557-5993

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Additional Information

Construction: Concrete
Cooling: Central Air, Electric
Heating: Central, Electric, Individual
Roof: Rolled/Hot Mop
Security: Security Lights
Taxes: $20,162
Utilities: Cable Connected, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Stories: 1
Acres: 0.26