NW 31st Ave

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NW 31st Ave

Pompano Beach, FL 33069
Asking Price
$2.20M
Asset Type
Commercial Multifamily
Class
Class B

What's Special

±1.43-Acre Multifamily Development Site · Live Local Eligible to ~98 Units · QOZ + CRA <ul><li>​±1.43 acres of vacant, cleared land just off Atlantic Boulevard — 52,000+ vehicles per day</li><li>​Direct connectivity to both I-95 and Florida's Turnpike</li><li>​B-3 General Business permits multifamily by-right at 46 units/acre (~65 units)</li><li>​Live Local Act eligible — up to ~98 units by administrative approval, no rezoning or special exception</li><li>​Retail, office, medical, and hospitality programs remain available across ±820 LF of frontage on three streets</li><li>​Site s

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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796

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