3208 Canal Drive, Pompano Beach, FL 33062

$4,650,000
List Price
$4,650,000
Price Change
▲ $2,650,000 1569712142
MLS#
RX-10559397
Lot Size
11,758
Subtype
Commercial Land
County
Broward
Community
Wahoo 2
Subdivision
Wahoo 2

Property Description

Located in the middle of one of North Broward's hottest beach area markets, the existing property has 8 rental units and two docks. The owner is in the process of obtaining a variance free site plan approval from the town to build a 12 efficiency apartment boutique hotel. This is a great opportunity to cash in on the incessant demand for rental units on or near the water. One short block to the Ocean, and just a short drive to major shopping, dining and entertainment facilities located along Federal Highway. Pompano Beach has about 3 1/2 miles of white sand beaches, the Intracoastal Waterway, many canals and a multitude of recreational parks. Sale breakdown:Property purchase -$2,000,000. Build the hotel - $2,650,000. Financing by owner.

Additional Information

Front Exposure
N
Status Label
ACTIVE
Boat Service
Dock Available, UP to 50 Ft Boat
Lot Description
< 1/4 Acre, 1/4 to 1/2 Acre
Taxes
$20,463
View
Intracoastal
Waterfront
Interior Canal
Acres
0.269926538108
Boat Services
Dock Available, UP to 50 Ft Boat

Mortgage Calculator

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