524 N Riverside Dr, Pompano Beach, FL 33062

$1,500,000 Asking Price

3 beds
2 baths
1,578  sqft
Built in 1954

Prime Development Opportunity Two Blocks from the Ocean! This one-story home, situated on an 8,214 sq/ft lot, is being sold with the adjacent home, which sits on an 11,964 sq/ft lot, totaling .47 acres of prime real estate. Zoned RM-45, this property offers the perfect canvas for a developer to build condos or townhomes. With Pompano Beach emerging as a hotspot for developers, this presents an ideal investment opportunity. Whether it's developing and selling to end-users or renovating the existing homes for personal or Airbnb use, the potential is limitless. Sold AS IS, this offering is a rare find in a sought-after location. The price on here is just for the one home. Total asking for both lots/homes is $3,900,000.

Features & Amenities

Interior

General:
First Floor Entry, Volume Ceilings, Family Room
Appliances:
Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring:
Ceramic Floor, Vinyl
A/C:
true, Central Air, Electric
Heating:
true, Central, Electric

Exterior

General:
None
Style:
Detached, One Story
Parking:
None

Construction

Roofing:
Metal Roof

Location

Originating MLS:
Miami Association of REALTORS®
County:
Broward County

Lot

Zoning:
RM-45, NORTH BEACH CO INC PROPERTIES 33-36 B LOT 11 PLOT 1, 484331260120
View:
Garden

Utilities

Water:
Municipal Water
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
Compass Florida, LLC, Rachelle Ginsberg

About Pompano Beach, FL

Housing

Number of Units
175,528
Median Home Value
$312,612
Median Rent
$1,365

35.74% of housing units are renter occupied.

13.46% are vacant.

Commute

Car
68.60%
Public Transportation
1.72%
Walk to Work
1.05%
Work from Home
26.11%
Other
2.02%

The median travel time to work is 23 minutes.

People

Population
380,742
Median Age
40.90
Median Household Size
2.70

Education

High School
28.74%
Associate’s Degree
8.34%
Bachelor’s Degree
20.28%
Graduate Degree
12.11%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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