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1020 Riverside, Pompano Beach, FL 33062

Commercial For Sale
$5,995,000

BTC: 199.83333333

ETH: 2,997.50000000

22 days
0 room(s)
10,642 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 75% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross $50,000 per month in rental income (long term rents), with an NOI approaching $425,000 annually making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine public beaches! Views of both the intracoastal and the ocean! Ideally positioned east of the intracoastal and one block from the Intracoastal, the property is walkable to the beach, Pompano Pier, and the newly revitalized Fishing Village.

Location

Florida • Pompano Beach • 33062 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1964
Lot:
No Data
Heating:
No Data
Price/sqft:
$563
Cooling:
No Data
HOA:
No Data
All facts and features

  • Other Property Information

    • Parcel Number: 484330010670

    • Zoning: RM-20

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $57,978

  • Source details

    • MLS ID: RX-11140438

    Other facts

    • Direction Faces: SOUTH ON A1A FROM NE 14TH STREET. TURN RIGHT ONTO NE 11TH STREET. PROPERTY ON LEFT.

    • Garage: Yes

    • Living Area: 10642

    • Subdivision Name: POMPANO BY THE SEA RESUB

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Beaches MLS. 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: Compass Florida LLC