3215 NE 7th St Pompano Beach, Florida
MLS#: A11715932
$5,000,000 USD
Listed By Fausto Commercial Realty Consultants Inc
The Commercial Property for Sale located at Pompano Beach, Florida is currently for sale. Pompano Beach, Florida is listed for $5,000,000. This property has Total Parking features. 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 : Jan 12, 2025
Property features
Key features
- Total Parking
Construction details
- Year built: 1975
Other features
- Cooling system: Wall or Window Units
Description
Presenting 3215 NE 7th St, a renovated 22-unit multifamily property just steps from the beach in Pompano! Ideally located near the famous pier, shopping, and dining, this property is currently operating as an 18-room motel with ultra-spacious rooms, offering flexibility to continue short-term rentals with management in place or convert back to a 22-unit multifamily. Most units feature modern kitchens, stylish bathrooms, new flooring, impact windows/doors, and central air. The property also boasts ample parking, a beautiful pool, and plenty of seating/tanning areas. Proforma rents as a multifamily project potential returns over a 7% cap rate, making it a standout investment opportunity!
Location
