MLS#: A11658081

$6,125,000 USD

Listed By Union Street Partners, LLC

The Commercial Property for Sale located at Pompano Beach, Florida is currently for sale. Pompano Beach, Florida is listed for $6,125,000. If the property located at Pompano Beach, Florida isn't what you're looking for, visit https://www.sheliagasson.com to see other Commercial Properties for Sale in Pompano Beach .

Date Updated : Sep 13, 2024

The details

Property features

Construction details

  • Year built: 1965

Description

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.

Location

Pompano Beach, Florida
Courtesy of Gregory Celentano Union Street Partners, LLC