Multifamily Redevelopment
For Sale
$1,325,000
500 SE 23rd Ave, Pompano Beach, FL 33062
As-is 5-unit multifamily complex on a 0.26-acre site with courtyard and patio spaces for redevelopment.
Property SizeContact for details
Lot Size0.26 Acres
Days on Market51
Property Features for 500 SE 23rd Ave
General Information
Standard status
Active
Lot size
0.26 Acres
Property subtype
Commercial
Additional Details
Multifamily Units
5
Building Details
Year Built
1953
Listing Agency:
United Realty Group Inc
(561) 235-2127
Listed By:
Linda Barratt Cervantes PA · License #3032083
(561) 235-2127
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 10:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Realty Group Inc
Investment Insights
Based on property information with market context.
This offering presents an as-is multifamily redevelopment site featuring an existing 5-unit villa complex arranged with courtyard and patio spaces. The property includes a 5-unit/3-building structure built in 1953. Buyers considering renovation or redevelopment will have an existing layout to evaluate on-site, with the property being sold as-is.
The site is located in Pompano Beach’s East Transit-Oriented Corridor, with the Intracoastal and the revitalized Atlantic Blvd corridor described as being just blocks away. The property is also positioned near amenities associated with marina, beach, and waterfront dining activity, supporting a walkable residential environment as reflected by the provided bike and walk scores.
For buyers and redevelopment teams, the current income property can be evaluated for its existing courtyard and patio configuration as part of a conversion plan. The seller notes that the asset is being offered as a development opportunity, and tenants should not be disturbed. Prospective investors and developers should contact the listing agents for additional information on the property and next steps.
The site is located in Pompano Beach’s East Transit-Oriented Corridor, with the Intracoastal and the revitalized Atlantic Blvd corridor described as being just blocks away. The property is also positioned near amenities associated with marina, beach, and waterfront dining activity, supporting a walkable residential environment as reflected by the provided bike and walk scores.
For buyers and redevelopment teams, the current income property can be evaluated for its existing courtyard and patio configuration as part of a conversion plan. The seller notes that the asset is being offered as a development opportunity, and tenants should not be disturbed. Prospective investors and developers should contact the listing agents for additional information on the property and next steps.
Key Highlights
- 0.26‑acre (11,326 SF) site with an existing 5‑unit multifamily complex sold as‑is
- Existing 5‑unit building structure built in 1953
- Courtyard and patio spaces on‑site
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - As-is 5-unit multifamily complex on a 0.26-acre site with courtyard and patio spaces for redevelopment.
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 $1,325,000.
What are key features of this property?
This property features: 0.26‑acre (11,326 SF) site with an existing 5‑unit multifamily complex sold as‑is; Existing 5‑unit building structure built in 1953; Courtyard and patio spaces on‑site
