500 SE 23rd AVE, Pompano Beach, FL 33062
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500 SE 23rd AVE, Pompano Beach, FL 33062
500 SE 23rd AVE, Pompano Beach, FL 33062
500 SE 23rd AVE, Pompano Beach, FL 33062
500 SE 23rd AVE, Pompano Beach, FL 33062
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,325,000
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500 SE 23rd AVE Pompano Beach, FL 33062

5,873 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,873 sqft

Price per Sqft $225

MLS Listing ID F10541569

HOA Y/N No

Year Built 1953

Annual Tax Amount $20,162

Tax Year 2024

Lot Size 0.262 Acres

Acres 0.262

Property Sub-Type Multi Family

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.

Location

State FL

County Broward

Area 3233

Direction I-95 to Atlantic Blvd east to Federal Hwy / US-1Turn right (south) to SE 23rd Ave Turn left (east) to 500 SE 23rd Ave on your right.

Interior

Heating Central, Electric

Cooling Electric, Central Air

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available, Sewer Available

Total Parking Spaces 10

Private Pool Yes

Building

Lot Description <1 Acre, 1/4 to 1/2 Acre Lot

Story 1

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Level or Stories One

Structure Type Block

Others

HOA Fee Include Maintenance Grounds

Senior Community No

Tax ID 494306070310

Security Features Security Lights

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/500-SE-23rd-Ave-Pompano-Beach-FL-33062/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by United Realty Group, Inc
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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500 SE 23rd AVE

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