$13,500,000
$12,990,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
580 Briny Av Pompano Beach, FL 33062
10,447 SqFt
Key Details
Sold Price $13,500,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 10,447 sqft
Price per Sqft $1,292
MLS Listing ID A11162379
Sold Date 08/12/22
HOA Y/N No
Contingent Pending Inspections
Lot Size 0.903 Acres
Property Sub-Type Hotel/Motel
Property Description
Development site - 160 feet of pristine ocean frontage
One of the few remaining developable oceanfront properties
Superior location - City's Atlantic Overlay District (AOD) - Restaurants, shopping, entertainment...
Development potential - Zoning (RM-20, AOD) provides for a maximum of 18 luxury condominiums (36 hotel rooms), building height - 105'.
Land square footage and dimensions are for developable. See survey for boundary and platted data.
Presently operating as a boutique hotel, 17 rooms - (1) 2 bedroom, (9) 1 bedroom, (7) studios. Building square footage - 10,447. Provides income until development plans are finalized.
Do not go on the property or speak with employees or guests. See Broker Remarks - Contact listing agent.
Location
State FL
County Broward County
Area 3250
Direction I95 east on Atlantic Blvd to ocean. South on Briny Av to the property. Coral Tides is .5 miles south of Pompano Beach Fishing Village - Beach area AOD development-Pompano Beach House, Oceanic, Lucky Fish Beach Bar & Grill, Alvin’s Island Surf Company…
Exterior
Waterfront Description Ocean Front
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 494306060260
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Douglas Elliman