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940 NW 8th Ave, Pompano Beach FL 33060

Commercial For Sale
$2,749,000

BTC: 34.95232041

ETH: 1,086.34657182

40 days
0 room(s)

Overview

Fully renovated, 100%-occupied 10-unit multifamily in the heart of Pompano Beach, Broward County. Every unit is a spacious 2BR/1BA home delivered in essentially new condition after a comprehensive 2024-2025 gut renovation, with approximately $500,000 invested across all units and the exterior. Truly turnkey and move-in ready: new white-cabinet kitchens with quartz counters and stainless appliances, marble-look tiled baths, luxury vinyl plank flooring, individual mini-split HVAC, and in-unit laundry connections in every unit. Permitted upgrades to electrical, plumbing, and impact windows and doors mean no deferred maintenance and materially reduced near-term capital risk for a buyer. Freshly stuccoed and painted exterior with striped tenant and guest parking. Offered at $2,749,000 ($317/SF, below the Pompano Beach market average), reflecting a 6.87% pro forma cap rate. Ideally positioned along the Gold Coast between Fort Lauderdale and Boca Raton, with quick access to I-95, Florida's Turnpike, and US-1/Federal Highway. Atlantic beaches, Broward College North Campus, and downtown Pompano's CRA redevelopment district are all a short drive away.

Location

Florida • Pompano Beach • 33060 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Assigned / Guest
Year Built:
1973
Lot:
14148 Square Feet
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,849,999
$1.2M – $3.0M
Confidence Low
List vs. estimate
$899K above estimate
List $2,749,000 · +48.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$28,693
2025
Parking
12 spaces
All facts and features

  • Flooring

    • Vinyl

    Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Parking

    • Assigned

    • Guest

    Lot

    • Lot: 14148 Square Feet

    Other Property Information

    • Parcel Number: 484235000440

    • Zoning: RM-20

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $28,693

  • Source details

    • MLS ID: A12064356

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: City Location / Near Airport

    • Window Features: Clear Impact Glass

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33060
253
median $469K
Active
Same city
Pompano Beach
1,208
median $367K
Active
Same type
Commercial
60
median $800K
Active
Similar price
$1.9M – $3.6M
53
median $2.7M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Canvas Real Estate