For Sale
$14,000,000

1350 31St AvePompano Beach, FL 33069

5.36 Acres, Site Plan Approved

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Pompano Beach, Florida. This 5.36-acre commercial land parcel, located at 1350 NW 31st Ave (APN 48-42-33-68-0030), boasts a prime location just off the Turnpike, near Atlantic Blvd and I-95. The property features an impressive 848+ feet of frontage on NW 31st Ave and is zoned B-3, B-4. A site plan is already approved for a substantial multifamily development project encompassing 369 units, including 35 affordable units and 4,634 square feet of commercial space. This development sits within an Opportunity Zone (ID 1201103060), benefiting from potential tax advantages. The area demonstrates extremely dense demographics, with a population exceeding 115,000 within a 3-mile radius and abundant surrounding retail. Construction drawings will be provided. Asking price is $14,000,000. This is a rare chance to acquire a fully permitted site ready for immediate development in a high-growth area.

Highlights

  • Excellent location near the Turnpike, Atlantic Blvd, and I-95.
  • 848+ feet of frontage on NW 31st Ave.
  • Situated in Opportunity Zone (ID 1201103060).
  • High-density demographics: 115,000+ population within a 3-mile radius, abundant retail.
  • Approved 369-unit multifamily development including 4,634 sq ft of commercial space and 35 affordable units.

Property Details for 1350 31St Ave

Property type
Land
Lot Size (sq. ft)
233,482 SF

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2438203
Longitude
-80.1644438
1350 31St Ave, Pompano Beach, Florida

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1350 31St Ave
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