$2,400,000
For Sale

609 NW 5th Avenue

Pompano Beach, FL 33060
Type:Purchase
Structure:Land
Zone:Residential

Description

Introducing an exceptional opportunity for developers, builders, and investors! This bundle property consists of five prime parcels totaling roughly +/- 65,313 square feet, situated in the rapidly growing & developing area at the heart of Pompano Beach, the subject property screams potential due to its location within the Transit-Oriented (TO) district which opens the site to a multitude of development possibilities and makes it a prime investment opportunity for developers looking to join a growing market. Lots must be sold together 4842 35 42 0210, 4842 35 42 0200 , 4842 35 42 0060, 4842 35 42 0062, 4842 35 42 0056. Don't miss out on this chance to shape a thriving community in a sought-after location. The Transit-Oriented (TO) district is established and intended to:
1. Encourage transit use as an alternative to auto dependency by accommodating moderate- to high-intensity, compact, mixed-use, and pedestrian-oriented development within convenient walking distance of existing and planned rail stations, major transit corridors, major transit hubs, regional and neighborhood transit hubs, and high-priority corridors for bus rapid transit or high- performance transit.
2. Bring together people, jobs, services, and public spaces and amenities in a way that allows people to safely and conveniently walk, bike, and/or take transit to meet their day-to-day housing, employment, shopping, service, and recreational needs.
3. Improve walkability within the district, as well as to adjacent areas, by providing a critical mass of housing and nonresidential within walking distance of the commercial core and transit routes and facilities.
4. Enable the appropriate natural surveillance of the public realm to ensure safety and activity along district streets and create the sense of a vibrant and active urban center.
5. Ensure a compatible transition between the district's commercial/mixed-use areas and lower-intensity residential neighborhoods and between the district and adjacent residential neighborhoods, where applicable.
See attachments for information about the North Urban Area District.

  • Property Details
      • Lot Features1 to < 2 Acres
      • Lot Description1 to < 2 Acres
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • SubdivisionPINEWOOD HEIGHTS
    • Location
      • CountyBroward
      • ZoningTO-DPO
  • Financial Details
      • Original List Price$2,400,000
      • Taxes Annual$1,276
  • Other
      • MLS #RX-11034064

Location

Mike MehdipourThe Mehdipour Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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