1665 15Th Ave Pompano Beach, FL 33069
This exceptional 1.93-acre parcel in Pompano Beach, Florida, presents a remarkable opportunity for multifamily development. Fully approved for a 23-unit community, this land boasts a coveted LM (Low-Medium 5-10 DU/AC) zoning designation. Situated on the western side of NW 15th Ave, the property benefits from high traffic counts on nearby major roadways, including Andrew Ave (AADT 18,800), E Copans Rd (AADT 45,000), and Hammondville Rd (AADT 21,500), ensuring excellent visibility and accessibility. Its strategic location offers convenient access to I-95, a crucial transportation artery in South Florida, connecting residents to the entire region. The area is thriving, with nearby amenities including HCA Florida Northwest Hospital, Chase Stadium, a Home Depot-anchored shopping center, and numerous retailers such as Dunkin’ Donuts, CVS, Walmart, and Wawa. The property's proximity to the beautiful beaches of South Florida adds further appeal. Detailed plans, including surveys, architectural designs, elevations, and landscaping plans, are available. The APN is 484227000501 & 484227000508. This is a rare chance to capitalize on the strong demand for developable land in this desirable area of Pompano Beach. The asking price is $2,495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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