Multi Family · Commercial Sale
500 SE 23rd Avenue, Pompano Beach FL 33062
Pompano Beach, FL, 33062
$1,325,000
Presented by Parvani Commercial Group, Inc.
About This Property
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.
Property Details
- Property Type
- Multi Family
- Status
- Active
- MLS #
- F10541569
- Building Area
- 5,873 SF
- Lot Size
- 11,413 SF
- Year Built
- 1953
- Zoning
- RM-20
- Days on Market
- 231
- Price
- $1,325,000