Multifamily Hospitality Asset Near
1020 N Riverside Dr, Pompano Beach, FL 33062
New
Multifamily property near Pompano Beach with redevelopment potential.
Type:Multifamily
Property size:
10,642 SFLot size:
0.57 AcresPrice / SF:
$516/SF- Added:
- Jun 1, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 1 at 3:17 am
Property Features for 1020 N Riverside Dr
General Information
- Standard status
- Active
- Size
- 10,642 SF
- Lot size
- 0.57 Acres
- Property subtype
- Multifamily
Listing agent Daniel J. Cunningham License #License(s): FL: SL3234051 (954) 245-3584
Listing office Fort Lauderdale Office (954) 245-3584
Listing date Jun 1, 2026
Source Marcusmillichap
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HighLights
- Unique multifamily/hospitality asset with potential for multiple revenue strategies.
- Prime coastal location east of the Intracoastal Waterway, minutes from Pompano Beach and key attractions.
- Potential for high revenue through flexible operation as short‑term rentals (currently 11 units) or extended‑stay occupancy.
- Opportunity to reposition the asset as an Assisted Living Facility (ALF) for potentially higher returns (subject to approvals).
- Located in a rapidly growing beachfront submarket benefiting from substantial redevelopment and tourism.
- Property consists of 28 units (27 studio, 1 one‑bedroom) with mini‑split A/C, a swimming pool, laundry room, and common areas.
Overview
Located at 1020 N Riverside Drive in Pompano Beach, Florida, Seaside Rentals is a multifamily and hospitality asset. Constructed in 1964, the property comprises three buildings and a clubhouse/common area, totaling 10,642 square feet on a 25,048-square-foot lot. The property is legally configured as 21 units but is currently operating as 28 units, consisting of 27 studio units and 1 one-bedroom/one-bathroom unit. All units have mini-split air conditioning systems. The property includes an on-site swimming pool, laundry room, and shared common areas that support both short-term and extended-stay occupancy. Currently, 11 units operate as short-term rentals. The property previously operated as an Assisted Living Facility (ALF), and a future owner may determine that repositioning the asset back to an ALF or similar congregate living use represents its highest and best use, subject to licensing and regulatory approvals. Seaside Rentals is located east of the Intracoastal Waterway on the barrier island, minutes from Pompano Beach, the Fisher Family Pier, and the Pompano Beach Fishing Village, which benefits from redevelopment activity including new luxury residential projects, hotels, restaurants, and entertainment destinations. The surrounding area’s growth and increasing tourism activity support both short-term rental and alternative housing demand. With operational potential and an established coastal location, Seaside Rentals presents an opportunity to acquire a large-scale boutique asset in one of Broward County’s beachfront submarkets.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.0893808
- Latitude
- 26.2472867
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Multifamily property near Pompano Beach with redevelopment potential.
Where is this short term rental property located?
The property is located at 1020 N Riverside Dr Pompano Beach, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Unique multifamily/hospitality asset with potential for multiple revenue strategies.; Prime coastal location east of the Intracoastal Waterway, minutes from Pompano Beach and key attractions.; Potential for high revenue through flexible operation as short‑term rentals (currently 11 units) or extended‑stay occupancy.
