213 S Ocean Blvd - Hospitality FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$5,000,000 USD
954-501-5020
213 S Ocean Blvd, Pompano Beach, FL for Sale
$5,000,000 USD
Hospitality - FOR SALE
1/28
null | 5.6% Cap Rate

213 S Ocean Blvd
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • 17 Total Units Located One Block From The Atlantic Ocean with Public Beach Access
  • Attractive RM-20 Zoning Prime for Redevelopment Potential
  • Oversized 0.52 Acre Lot Right On Ocean Boulevard
  • Recent Property Upgrades Include New Roofs and Exterior Paint
  • Located Across the Street from the Newly Constructed Salato Pompano Beach Townhome Development

OVERVIEW

Marcus & Millichap is pleased to present the Sea Cove Redevelopment Opportunity, a rare .52-acre oceanfront-area site located at 213 S Ocean Boulevard in Pompano Beach, Florida. Improved with a 17-unit motel totaling 7,055 square feet, the property sits in a prime redevelopment zone just steps from the beach and east of A1A. Zoned RM-20 (Residential Multifamily – 20 units per acre), the site offers significant potential for residential or mixed-use redevelopment in alignment with the city’s ongoing luxury coastal transformation. The current improvements include three buildings, a swimming pool, and a thatch-roofed tiki bar, comprising 15 studios, and two (2) 1-bedroom/1-bath units. However, the true value lies in the land and location, offering a canvas for luxury townhomes, boutique condominiums, or a high-end vacation rental concept, subject to city approval. RM-20 zoning supports up to 10 units by right, with additional density or height possible through variances or redevelopment incentives. The property is surrounded by a wave of high-end development, including the nearby Ritz-Carlton Residences, Salato, Casamar, Armani Residences, and the proposed W Pompano Beach Hotel & Residences. Just blocks away, the vibrant Pompano Beach Fishing Village and Pier District feature top-tier restaurants like Beach House, Oceanic, and Lucky Fish, alongside retail and the dual-branded Hilton Tru/Curio Hotel, creating a walkable destination that blends beachfront leisure with urban appeal. With its large lot size, RM-20 zoning, and unbeatable location within one of South Florida’s most rapidly evolving beachside markets, the Sea Cove Redevelopment Opportunity offers investors and developers a chance to deliver a next-generation coastal project in a tightly held, high-demand area.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$709 USD /SF

# OF ROOMS

17

PRICE/ROOM

$294,118 {currency}

CAP RATE

5.6%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sea Cove Motel Redevelopment Opportunity

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

RM-20

APN/PARCEL ID

49-43-06-06-0800

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.