3208 Canal Drive

    Pompano Beach, FL 33062
    • $4,650,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: RX-10559397
    $4,650,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator


    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-20T00:03:06.243.
    www.castellihomes.com/homes/98762699

    3208 Canal Drive Pompano Beach, FL 33062

    • Price: $4,650,000
    • Status: Active
    • MLS #: RX-10559397
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    Neighborhood:
    Wahoo 2
    County:
    Broward
    Area:
    Pompano Beach
    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.
    Exterior Features

    Boat Services Dock AvailableUp To 50 Ft Boat Elevation At Sea Level 5 To < 10 Ft Front Exposure N Ground Cover Brush Improvements None Lot Description < 1/4 Acre1/4 To 1/2 Acre Lot Dimensions 97 X 115 Roads Public Trees Partially Treed View Intracoastal Water Frontage 97 Waterfront Description Interior Canal Waterfront YN Yes

    Property Features

    Available Docs Plat Maps Development Status Recorded Plat Homeowners Association None Land Type Commercial Land List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Beach Area Min Living Sq Ft Restrictions 3930.00 Miscellaneous Other REO No Sellers Package Incomplete Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Style CommercialMulti-Family Med Den Tax Amount 20463.60 Tax Year 2018 Terms Considered Conventional Usage Unimproved Hotel/Mtl Utilities Available None Utilities On Site Electric Service AvailablePublic WaterSewer Zoning Rm 20

    Listing provided courtesy of Atlantic Realty And Building Company.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-20T00:03:06.243.
     
    Castelli Real Estate Services
    2227 Wilton Drive
    Fort Lauderdale FL, 33305