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About This Home
This 0-bedroom, 0-bathroom residential multi family at 500 SE 23rd Avenue in Pompano Beach, FL is listed for $1,325,000 ($226 per sqft). Built in 1953, the home offers 5,873 sqft of living space on a 0.26 acres lot.
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.
Key Features
- Built in 1953
- 0.26 acre lot
- 10 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$7,086/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
500 SE 23rd Avenue
Pompano Beach, FL 33062
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 500 SE 23rd Avenue is listed at $1,325,000 ($226/sqft). The estimated monthly payment is $5,742 based on 20% down at 6.5% interest.
Key features include: Built in 1953, 0.26 acre lot, 10 parking spaces.
This property is listed by Gary M Brown and can be reached at 5619006888 or westbocaguy@gmail.com.
