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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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500 SE 23rd Ave , Pompano Beach, FL 33062
$1,325,000
Est. Payment: $6,687.38/mo
0 Bed
0 Bath
5873 Sqft
Status: active | Days on site: 231
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Gary M Brown , 561-900-6888 and Linda Barratt Cervantes PA , 561-235-2127 United Realty Group, Inc , 561-235-2127. REALTOR Association of Greater Miami and the Beach

Property Type

Commercial Sale

Lot/Acreage
0.26

Year Built

1953

County

Broward

Area

3233

Listing ID

F10541569

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Electric,Central Air
Fireplaces:
Other:Public

Exterior Features

Lot:<1 Acre,1/4 to 1/2 Acre Lot
Garage Capacity:10
Zoning:RM-20
Sewer:Not Connected (at lot),Public Sewer,Other
Parking Features:Common
Principal Interest
$6,687
Taxes
$1,680

Home Price

$1,325,000

Loan Details

30 yrs
6.482%

Down Payment

20%
$265,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,687.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,687.38 $1,680.17 $0.00 $8,367.54
Yearly $80,248.54 $20,162.00 $0.00 $100,410.54
Total $2,407,456.08 $604,860.00 $0.00 $3,012,316.08

Today's Rates

30 Year

6.48%

20 Year

6.26%

15 Year

5.94%

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Market insight data is pulled from the same city as the listing being viewed (Pompano Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-02T03:56:26.000Z

© 2026 REALTOR Association of Greater Miami and the Beach