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3208 Canal Drive Pompano Beach, FL 33062
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.
|3 days ago||Listing updated with changes from the MLS|
|4 months ago||Price changed to $4,650,000|
|5 months ago||Listing first seen online|
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