3208 Canal Drive, Pompano Beach, FL 33062

$1,750,000
3,930
SqFt
List Price
$1,750,000
Price Change
▼ $100,000 1597893872
MLS#
RX-10633995
Sq. Ft
3,930
Lot Size
11,758
Subtype
Quad Plex
County
Broward
Community
Wahoo 2
Subdivision
Wahoo 2
Year Built
1965

Property Description

Located in the middle of one of North Broward's hottest beach area markets, the existing property has 6 one bedrooms, 2 studios and 2 docks rentals. The owner is in the process of obtaining a variance free site plan approval from the town to build a 10 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 -$1,850,000. To build the hotel - $2,850,000. Construction financing by buyer.

Additional Information

Building No
Yes
Status Label
ACTIVE
Total Unitsin Bldg
8
Construction
CBS
Cooling
Electric
Exterior Feature
Deck
Flooring
Ceramic Tile
Heating
No Heat
Lot Description
1/4 to 1/2 Acre
Roof
Comp Shingle
Taxes
$22,555
Waterfront
Canal Width 1 - 80, Interior Canal
Total Op Expenses
15000
Total Unitsin Bldg
8
Roofing
Comp Shingle
Utility
Electric, Public Sewer, Public Water
Acres
0.269926538108
Price Per Acre
19396832.4
Price Per Sqft
$445

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Atlantic Realty and Building Company.


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