500 SE 23rd Ave Pompano Beach, FL 33062
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10541569
Year Built 1953
Annual Tax Amount $20,162
Tax Year 2024
Lot Size 0.262 Acres
Property Sub-Type Income/Multi-Family
Property Description
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.
Location
State FL
County Broward County
Area North Broward Intracoastal To Us1 (3211-3234)
Zoning RM-20
Exterior
Private Pool No
Building
Sewer Public Sanitation
Water Public Water
Others
Virtual Tour https://www.propertypanorama.com/500-SE-23rd-Ave-Pompano-Beach-FL-33062/unbranded
NEARBY SCHOOL & BUSINESS
- 8
Floranada Elementary School
Public | KG - 5
- 7
McNab Elementary School
Public | KG - 5
- 6
North Andrews Gardens Elementary School
Public | KG - 5
- 6
Palmview Elementary School
Public | PK - 5
- 5
Cypress Elementary School
Public | PK - 5
- 5
Sanders Park Elementary School
Public | PK - 5
- 3
Pompano Beach Elementary School
Public | PK - 5
- 3
Cresthaven Elementary School
Public | PK - 5
- 2
C. Robert Markham Elementary School
Public | PK - 5
- 0
Kids in Action
Private | PK - 1
- 0
Christ Church School
Private | PK - 5
- 0
Shepherd of the Coast Lutheran School
Private | PK - 8
- 0
Pine Crest School
Private | PK - 12
- 0
Hi Tech Kidz Kollege
Private | PK - 2
- 0
St Coleman School
Private | PK - 8
- 0
Rhema Word Christian Academy
Private | KG - 12
- 0
Broward Children's Center North
Public | PK - 12
- 0
Bb International Preschool and Kindergarten
Private | PK - KG
- 0
Green Children's House
Private | PK - KG
- 0
Cornerstone Preschool Llc
Private | PK - 1
- 4
Pompano Beach Middle School
Public | 6 - 8
- 3
James S. Rickards Middle School
Public | 6 - 8
- 0
Dave Thomas Education Center
Public | 6 - 12
- 0
Somerset Academy Pompano Middle (6-8)
Public | 6 - 8
- 9
Pompano Beach High School
Public | 9 - 12
- 2
Blanche Ely High School
Public | 9 - 12
- 1
Northeast High School
Public | 9 - 12
- 0
Cardinal Gibbons High School
Private | 9 - 12
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