$1,200,000
Pompano Beach, FL 33062
MLS# F10541569
5873 sqft
1 / 9
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.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2025-12-04
Status: Active
Original List Price: 1450000
List Price: $1,200,000
Current Price: $1,200,000
Listing Service: Full Service
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Pompano Beach
Postal Code: 33062
Geographic Area: NUS1 - North Broward Intracoastal To Us1 (3211-3234)
Property Description: Multifamily Redevelopment Opp
Country: United States
Street Number: 500
Street Direction Prefix: SE
Street Name: 23rd
Street Suffix: Avenue
State Or Province: FL
Postal Code +4: 6020
Area: 3233
Parcel Number: 494306070310
Zoning: RM-20
Directions: 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.
General Property Information
Number Of Buildings: 3
Accessibility Features YN: No
Lot Size Area: 11413
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 5873
Building Area Source: Owner
Year Built: 1953
Parking Total: 10
Lot Size Acres: 0.26
Financial Information
Tax Assessed/SOH Value: 902720
Assessor Market Value: 902720
Tax Annual Amount: 20162
Tax Year: 2024
Tax Legal Description: SANTA BARBARA ESTATES 9-10 B SEC A LOT 1,2 BLK 6
Office/Member Information
DXORIGMLSID: RML
Electric
101-200 Amp Service: 1
Parking Features
Common: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Aerial Photo(s): 1
Photos: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: Yes
Separate Water Meters YN: Yes
Number Of Meters Total: 14
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 5
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Connected: 1
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Business Type
Other: 1
Common Area Maintenance Includes
Lawn Care: 1
Distance To Information
Miles to Beach: 11
Heating
Central Individual: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
Concrete: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
City Street: 1
Roof
Rolled/Hot Mop: 1
Security Features
Security Lights: 1
Water Source
Public: 1
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Section Details
Parcel Number MLX: 0310
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-10-25T11:22:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-25T11:22:52Z
Status Change Date: 2025-12-17
Originating Details
Originating System Key: 607826611
Originating System ID: M00000170
Property Features
Business Type: Other
Common Area Maintenance Includes: Lawn Care
Documents Available: Aerial Photo(s)
Electric: 101-200 Amp Service
Heating: Central Individual; Electric
Parking Features: Common
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Land
Special Listing Conditions: Standard
Construction Materials: Concrete
Cooling: Central Air
Listing Terms: Cash; Conventional
Road Frontage Type: City Street
Roof: Rolled/Hot Mop
Security Features: Security Lights
Sewer: Public Sewer
Utilities: Cable Connected; Electricity Available; Natural Gas Available; Sewer Available; Water Available
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Supplements
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.
Listing Office: United Realty Group, Inc
Last Updated: October - 25 - 2026
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