Great opportunity to reposition a mid rise building in the booming Pompano Beach market. Location is AAA. 1 block East of Intercoastal and 2 blocks west of the beach. Rare 4 floor building. Building could not be replaced under current zoning code. Adjacent lot new townhome construction $2.5million+. Ritz Carlton development 1/2 mile away. 2 block walk to beach access. Building has new roof, new windows, new elevator. High demand area for both short and mid term rentals. Current ownership 23 years and in place rents significantly below market. Building has 14 FPL meters and 1 house meter. Billions of dollars of high end development in the immediate area.
Mls | A11658081 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 1965 |
Days On Site | 91 |
Listing Provided By | Union Street Partners, LLC | Gregory Celentano |
Sq Feet | 15,265 |
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Storys | 4 |
Zoning | RM-20 |
Acreage | 12600.00 |
State | FL |
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County | Broward |
City | Pompano Beach |
Zip Code | 33062 |
Area | 3121 |
Listing VS Median (in 33062) | |
Price: $6,125,000 low | high Med: $329,000 SqFt: 15,265 low | high Med: 648 $ / SqFt: $401 low | high Med: $508 On Site: 91 low | high Med: 141.000000 |