31 NE 22nd Ave - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$2,500,000 USD
954-558-1220
31 NE 22nd Ave, Pompano Beach, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate


HIGHLIGHTS

  • Shovel-ready 67-unit mixed-use development just one mile from the beautiful beach.
  • 55,674 square feet of approved mixed-use for development.
  • Featuring 67 apartments and 1,776 square feet of retail space situated on 19,575-square-foot lot (0.45 acres).
  • Three-story parking garage to accommodate 88 parking spaces.
  • Being just one mile from Florida's pristine beaches offers unmatched appeal for tenants and long-term value for investors.
  • Exceptional access just steps from US-1, 2 miles to I-95 and 4.7 miles to Florida's Turnpike.

OVERVIEW

Lee & Associates presents a prime opportunity for development in Pompano Beach, FL, featuring a proposed eight-story mixed-use apartment building that seamlessly blends residential, commercial, and amenity spaces in a rapidly growing Pompano Beach market. The site, spanning approximately 0.45 acres, will host 67 upscale apartments totaling over 120,270 square feet of new construction. In addition to the 67 apartments, the building features 1,776 square feet of ground-floor retail space with on-site parking composed of a three-story parking garage accommodating 86 parking spaces. Residents will enjoy premier amenities, including a state-of-the-art fitness center, coworking spaces, and a rooftop pool and lounge for relaxation and stunning views. Located in vibrant Pompano Beach and only one mile from the beach, this development is poised to thrive in one of South Florida’s fastest-growing communities. With nearby access to shopping and dining and close proximity to major thoroughfares, this development opportunity ensures seamless connectivity to the Tri-County.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$21 USD /SF

# OF UNITS

67

PRICE/UNIT

$37,313

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,951 SF

ZONING

CBD

APN/PARCEL ID

48-42-36-01-1830

ASK ABOUT THIS PROPERTY

Greg MilopoulosLee & AssociatesMore Info
954-558-1220

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Greg MilopoulosLee & AssociatesMore Info
954-558-1220

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