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    500 SE 23Rd Ave Pompano Beach, FL 33062

    Sponsored
    For Sale
    $1,450,000

    Commercial/Industrial,Income/Multi-family - Pompano Beach, FL

    Lot size:
    0.26 Acres
    Days on Market:
    21
    Last Refresh:
    Jan 6 at 10:06 pm

    Property Features for 500 SE 23Rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-20
    APN
    494306070310
    Parking
    10
    Lot size
    0.26 Acres

    Building Details

    Year built
    1953
    Architectural style
    Other

    United Realty Group Inc (954) 450-2000 [email protected]

    Listing agent Gary Brown (561) 235-2127 License #3032083

    Listing date Dec 17, 2025

    MLS# F10541569 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pompano Beach Redevelopment Opportunity

    This 0.26-acre (11,326 SF) site in Pompano Beach presents a multifamily redevelopment opportunity. Located just blocks from the Intracoastal Waterway and the revitalized Atlantic Boulevard corridor, the property currently features a 5-unit multi-family villa complex with courtyard and patio spaces, offered as-is. The site is suitable for redevelopment into 5 modern luxury townhomes, aligning with the surrounding new construction. Situated within Pompano’s East Transit-Oriented Corridor, the location enhances redevelopment flexibility. The area is characterized by significant luxury and mixed-use investment, marinas, beaches, and waterfront dining. Strong buyer demand, coupled with a limited supply of new luxury townhomes, creates a scarcity premium. The property offers an opportunity combining income hold with long-term redevelopment potential. The zoning is RM-20.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.100505
    Latitude
    26.226435

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    FAQs

    What type of property is this?
    Apartment building - 0.26-acre site ideal for multifamily redevelopment near Intracoastal.
    Where is this apartment building located?
    The property is located at 500 SE 23Rd Ave Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Prime 0.26-acre site blocks from Intracoastal and Atlantic Blvd corridor.; - Redevelopment opportunity for 5 luxury townhomes.; - Located within Pompano’s East Transit-Oriented Corridor.
    (954) 450-2000
    Request Owner's contact information
    500 SE 23Rd Ave Pompano Beach, FL 33062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 SE 23Rd Ave Pompano Beach, FL 33062
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