3208 Canal Drive Pompano Beach FL 33062 | MLS RX-10559397

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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.

Property Details

Price:
$4,650,000
MLS #:
RX-10559397
Status:
Active
Address:
3208 Canal Drive
Type:
Land
City:
Pompano Beach
Listed Date:
Sep 8, 2019 (138 days)
State:
FL
ZIP:
33062
Subdivision:
WAHOO 2
Lot Size:
11,758 sqft / 0.27 acres (approx)

Schools

Interior

Exterior

Homeowners Assoc
None
Lot Description
< 1/4 Acre, 1/4 to 1/2 Acre
View
Intracoastal
Waterfront Details
Interior Canal
Waterfrontage
97

Financial

Taxes
$20,464

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Listing courtesy of Atlantic Realty and Building Company, (561)6023295

© 2020 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2020-01-24.
3208 Canal Drive
Pompano Beach, FL