3208 7th St ,Apartments for Sale

3208 7th St for Sale

Price $6,125,000.00

• Lot size 15265
• Year Build 1965
• Waterfront
• Zip 33062
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Great opportunity to reposition a mid rise building in the booming Pompano Beach market. Location is AAA. 1 block East of Intercoastal and 2 blocks west of the beach. Rare 4 floor building. Building could not be replaced under current zoning code. Adjacent lot new townhome construction $2.5million+. Ritz Carlton development 1/2 mile away. 2 block walk to beach access. Building has new roof, new windows, new elevator. High demand area for both short and mid term rentals. Current ownership 23 years and in place rents significantly below market. Building has 14 FPL meters and 1 house meter. Billions of dollars of high end development in the immediate area.

LAKESIDE 23-38 B LOT 3 BLK 2

Great opportunity to reposition a mid rise building in the booming Pompano Beach market. Location is AAA. 1 block East of Intercoastal and 2 blocks west of the beach. Rare 4 floor building. Building could not be replaced under current zoning code. Adjacent lot new townhome construction $2.5million+. Ritz Carlton development 1/2 mile away. 2 block walk to beach access. Building has new roof, new windows, new elevator. High demand area for both short and mid term rentals. Current ownership 23 years and in place rents significantly below market. Building has 14 FPL meters and 1 house meter. Billions of dollars of high end development in the immediate area.

City:Pompano Beach,Zoning:RM-20,List A O R:A-Miami Association of REALTORS,Stories:4,Latitude:26.2264382,List Price:6125000,Listing Id:A11658081,Longitude:-80.0932135,Mls Status:Active,Year Built:1965,Postal Code:33062,Street Name:7th St,Coordinates:1:26.2264382,Photos Count:3,Lot Size Units:Square Feet,M I A M I R E_ Area:3121,On Market Date:2024-09-12,Parcel Number:494306120080,Property Type:Commercial Sale,Stories Total:4,Street Number:3208,Public Remarks:Great opportunity to reposition a mid rise building in the booming Pompano Beach market. Location is AAA. 1 block East of Intercoastal and 2 blocks west of the beach. Rare 4 floor building. Building could not be replaced under current zoning code. Adjacent lot new townhome construction $2.5million+. Ritz Carlton development 1/2 mile away. 2 block walk to beach access. Building has new roof, new windows, new elevator. High demand area for both short and mid term rentals. Current ownership 23 years and in place rents significantly below market. Building has 14 FPL meters and 1 house meter. Billions of dollars of high end development in the immediate area.,County Or Parish:Broward County,List Office Name:Union Street Partners, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6240,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SE,Tax Annual Amount:44898,Unparsed Address:3208 SE 7th St, Pompano Beach FL 33062,Listing Agreement:Exclusive Right To Sell,Building Area Total:15265,Building Area Units:Square Feet,Lot Size Square Feet:12600,Original List Price:6125000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:Great opportunity to reposition a mid rise building in the booming Pompano Beach market. Location is AAA. 1 block East of Intercoastal and 2 blocks west of the beach. Rare 4 floor building. Building could not be replaced under current zoning code. Adjacent lot new townhome construction $2.5million+. Ritz Carlton development 1/2 mile away. 2 block walk to beach access. Building has new roof, new windows, new elevator. High demand area for both short and mid term rentals. Current ownership 23 years and in place rents significantly below market. Building has 14 FPL meters and 1 house meter. Billions of dollars of high end development in the immediate area.,Listing Contract Date:2024-09-12,Originating System I D:miamire,Street Number Numeric:3208,Tax Legal Description:LAKESIDE 23-38 B LOT 3 BLK 2,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Great reposition opportunity in booming Pompano Beach market. Rare 4 floor building east of Intercoastal.,Contract Status Change Date:2024-09-12,Internet Address Display Y N:1,Number Of Units In Community:3,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,