Space Description & Highlights
Executive Summary 20 Unit Multifamily Investment, East of Federal Hwy in Pompano Beach. Stabilized apartment community on two contiguous parcels totaling 18,112 SF, minutes to the beach and Intracoastal, without the added price tag of being on the barrier island. CBS construction, offering 11,16 SF across two buildings with 18 one bedroom and 2 two bedroom units. In place rents that are a bit below market, offering upside through lease renewals which can be increased through value add updating. Zoned RM-20, the site benefits from low submarket vacancy and steady rent growth, plus proximity to the downtown core redevelopment, and new luxury beachfront hotels driving workforce housing demand. It's rare to find an offering of this many units in one building in this supply constrained coastal submarket. Full OM available upon request.
Building Description
A 20-unit multifamily community at 2275 NE 12th Street in Pompano Beach, consisting of two contiguous parcels with two buildings built in 1958 and about 11,165 SF of rentable building area on an 18,112 SF (0.416 acre) site. The unit mix is 18 one-bedroom/one-bath and 2 two-bedroom/one-bath units. It is east of US-1 (Federal Highway) and west of the Intracoastal Waterway, with easy access to the Pompano Beach Pier and the Atlantic Boulevard commercial corridor.
Approved Uses by Zoning — Multiple-Family Residence 20 (RM-20 - Residential and Multifamily)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Dwelling, Multifamily, Dwelling, Single-Family, Dwelling, Two-Family, Family Community Residence, Transitional Community Residence, Recovery Community, Continuing Care Retirement Community, Nursing Home Facility, Arboretum or Botanical Garden, Community Garden, Park or Plaza, Utility Use, Minor
With special approval
Dwelling, Single-Family (Zero Lot Line), Rooming or boarding house, Community Center, Library, Museum, Senior Center, Youth Center, Adult Day Care Center, Child Care Facility, School, Elementary, Fire or EMS Station, Police Station, Post Office, Place of Worship, Professional Office, Bank or Financial Institution, Condo Hotel, Bed and Breakfast Inn, Hotel or Motel, Eating and Drinking Establishment as accessory use to a hotel/condo hotel (special exception; hotel or condo hotel must have 50+ rooms), Golf Course
Read the full RM-20 - Residential and Multifamily zoning guide ›
