400 E Atlantic Blvd | Pompano Beach, FL 33060
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- LoopNet Team
400 E Atlantic Blvd
Pompano Beach, FL 33060
Waterfront 204 Approved Luxury Apartments · Land For Sale
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0.77 AC
Investment Highlights
- Less than 2 miles/5 minutes to the Atlantic Ocean and the Intracoastal Waterway where there is over $2 billion in new investments in development.
- Rare waterfront location with 225 feet of frontage on the water in Pompano Canal with direct intracoastal and ocean access.
- Designed by Arquitectonica, Rooftop Pool and enclosed parking garage.
- Only fully approved waterfront project on prime Atlantic Blvd. with development order for 204 luxury residential units in 8 stories.
- Potential profit of over $100 million with a new condo development and over 300% projected ROI.
- Brokers protected and offering 3% commission to cooperating brokers.
Property Facts
Description
This opportunity is also a Covered Land Play. The property presently has 27 two-story townhouses and retail/office buildings. Current owners upgraded the units, and the property generates over $400,000 in yearly income. Some vacant commercial spaces are not being aggressively marketed by current ownership; the income is projected to be much higher.
Property Taxes
| Parcel Number | 49-42-01-01-0010 | Improvements Assessment | $2,181,880 |
| Land Assessment | $1,397,720 | Total Assessment | $3,579,600 |
Property Taxes
Parcel Number
49-42-01-01-0010
Land Assessment
$1,397,720
Improvements Assessment
$2,181,880
Total Assessment
$3,579,600
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