Prime Development Opportunity Two Blocks from the Ocean! This one-story home, situated on an 8,214 sq/ft lot, is being sold with the adjacent home, which sits on an 11,964 sq/ft lot, totaling .47 acres of prime real estate. Zoned RM-45, this property offers the perfect canvas for a developer to build condos or townhomes. With Pompano Beach emerging as a hotspot for developers, this presents an ideal investment opportunity. Whether it's developing and selling to end-users or renovating the existing homes for personal or Airbnb use, the potential is limitless. Sold AS IS, this offering is a rare find in a sought-after location. The price on here is just for the one home. Total asking for both lots/homes is $3,900,000.
Type:
Single-family residential
Subdivision:
North Beach Co Inc Proper
Heating:
Central, Electric
Cooling:
Central Air, Electric
Lot Description:
< 1/4 Acre
Appliances:
Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer
524 N Riverside Dr, Pompano Beach, FL, 33062
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
