500 SE 23rd Avenue, Pompano Beach, FL 33062 (MLS# F10541569)

500 SE 23rd Avenue, Pompano Beach, FL 33062

$1,325,000

Virtual Tour

https://www.propertypanorama.com/500-SE-23rd-Ave-Pompano-Beach-FL-33062/unbranded

Property Type: Commercial Sale Square Footage: 5,873 Status: Active

Current Price: $1,325,000 List Date: 12/04/2025 Last Modified: 4/14/2026

Overview

Description

Multifamily Redevelopment Opportunity – Pompano Beach.Prime 0.26-acre (11,326 SF) site just blocks from the Intracoastal and the revitalized Atlantic Blvd corridor. Existing 5-unit multi-family villa complex with courtyard and patio spaces offered as-is; ideal for redevelopment into 5 modern luxury townhomes, consistent with surrounding new construction. Located within Pompano’s East Transit-Oriented Corridor, enhancing redevelopment flexibility. Surrounded by significant luxury and mixed-use investment, marinas, beaches, and waterfront dining. Strong buyer demand with limited supply of new luxury townhomes creating a scarcity premium. Rare opportunity combining income hold with long-term redevelopment upside. Do not disturb tenants.

Supplements: Multifamily site just blocks from the Intracoastal and Atlantic Blvd existing 5-unit/3 building structure (built in 1953) being sold as-is development opportunity. Please contact agents for more information.

Listing Details MLS# F10541569

General Property Information

Number Of Buildings: 3
Property Sub Type: Multi Family
Building Area Main: 5873
Building Area Source: Owner
Year Built: 1953
Parking Total: 10
Lot Size Area: 11413
Lot Size Acres: 0.26
Accessibility Features YN: No
Stories Total: Yes

Property Features

Business Type: Other Documents Available: Aerial Photo(s) Electric: 101-200 Amp Service Heating: Central Individual; Electric Parking Features: Common Possession: Close Of Escrow Sale Includes: Building; Land Special Listing Conditions: Standard Construction Materials: Concrete Cooling: Central Air Listing Terms: Cash; Conventional Road Frontage Type: City Street Roof: Rolled/Hot Mop Security Features: Security Lights Sewer: Public Sewer Utilities: Cable Connected; Electricity Available; Natural Gas Available; Sewer Available; Water Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; See Remarks Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1450000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 500
Street Direction Prefix: SE
Street Name: 23rd
Street Suffix: Avenue
City Name: Pompano Beach
State Or Province: FL
Postal Code: 33062
Postal Code +4: 6020
Area: 3233
Geographic Area: NUS1 - North Broward Intracoastal To Us1 (3211-3234)
Parcel Number: 494306070310
Zoning: RM-20
Directions: I-95 to Atlantic Blvd east to Federal Hwy / US-1Turn right (south) to SE 23rd Ave Turn left (east) to 500 SE 23rd Ave on your right.
Property Description: Multifamily Redevelopment Opp

Financial Information

Tax Annual Amount: 20162
Tax Year: 2024
Tax Assessed/SOH Value: 902720
Tax Legal Description: SANTA BARBARA ESTATES 9-10 B SEC A LOT 1,2 BLK 6
Assessor Market Value: 902720

Status Change Information

Major Change Timestamp: 2026-02-27T18:32:31Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-27T18:32:31Z
Status Change Date: 2025-12-17

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 6
Separate Gas Meters YN: Yes
Number Of Separate Gas Meters: 3
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 5
Number Of Meters Total: 14

Showing Details

Pet(s) on Premises: No

Section Details

Parcel Number MLX: 0310

Originating Details

Originating System Key: 607826611
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

101-200 Amp Service: Yes

Parking Features

Common: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Aerial Photo(s): Yes
Photos: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Connected: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Water Available: Yes

Business Type

Other: Yes

Heating

Central Individual: Yes
Electric: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

Concrete: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

City Street: Yes

Roof

Rolled/Hot Mop: Yes

Security Features

Security Lights: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
See Remarks: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: United Realty Group, Inc

Last Updated: April - 14 - 2026

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500 SE 23rd Avenue, Pompano Beach, FL 33062 (MLS# F10541569)