Sea Cove Motel Redevelopment Opportunity | 213 S Ocean Blvd
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Sea Cove Motel Redevelopment Opportunity 213 S Ocean Blvd Services hôteliers 17 chambres 4 322 000 € (254 235 €/Chambre) Taux de capitalisation 5,60 % Pompano Beach, FL 33062
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 17 Total Units Located One Block From The Atlantic Ocean with Public Beach Access
- Oversized 0.52 Acre Lot Right On Ocean Boulevard
- Located Across the Street from the Newly Constructed Salato Pompano Beach Townhome Development
- Attractive RM-20 Zoning Prime for Redevelopment Potential
- Recent Property Upgrades Include New Roofs and Exterior Paint
RÉSUMÉ ANALYTIQUE
Marcus & Millichap is pleased to present the Sea Cove Redevelopment Opportunity, a rare .52-acre oceanfront-area site located at 213 S Ocean Boulevard in Pompano Beach, Florida. Improved with a 17-unit motel totaling 7,055 square feet, the property sits in a prime redevelopment zone just steps from the beach and east of A1A. Zoned RM-20 (Residential Multifamily – 20 units per acre), the site offers significant potential for residential or mixed-use redevelopment in alignment with the city’s ongoing luxury coastal transformation.
The current improvements include three buildings, a swimming pool, and a thatch-roofed tiki bar, comprising 15 studios, and two (2) 1-bedroom/1-bath units. However, the true value lies in the land and location, offering a canvas for luxury townhomes, boutique condominiums, or a high-end vacation rental concept, subject to city approval. RM-20 zoning supports up to 10 units by right, with additional density or height possible through variances or redevelopment incentives.
The property is surrounded by a wave of high-end development, including the nearby Ritz-Carlton Residences, Salato, Casamar, Armani Residences, and the proposed W Pompano Beach Hotel & Residences. Just blocks away, the vibrant Pompano Beach Fishing Village and Pier District feature top-tier restaurants like Beach House, Oceanic, and Lucky Fish, alongside retail and the dual-branded Hilton Tru/Curio Hotel, creating a walkable destination that blends beachfront leisure with urban appeal.
With its large lot size, RM-20 zoning, and unbeatable location within one of South Florida’s most rapidly evolving beachside markets, the Sea Cove Redevelopment Opportunity offers investors and developers a chance to deliver a next-generation coastal project in a tightly held, high-demand area.
The current improvements include three buildings, a swimming pool, and a thatch-roofed tiki bar, comprising 15 studios, and two (2) 1-bedroom/1-bath units. However, the true value lies in the land and location, offering a canvas for luxury townhomes, boutique condominiums, or a high-end vacation rental concept, subject to city approval. RM-20 zoning supports up to 10 units by right, with additional density or height possible through variances or redevelopment incentives.
The property is surrounded by a wave of high-end development, including the nearby Ritz-Carlton Residences, Salato, Casamar, Armani Residences, and the proposed W Pompano Beach Hotel & Residences. Just blocks away, the vibrant Pompano Beach Fishing Village and Pier District feature top-tier restaurants like Beach House, Oceanic, and Lucky Fish, alongside retail and the dual-branded Hilton Tru/Curio Hotel, creating a walkable destination that blends beachfront leisure with urban appeal.
With its large lot size, RM-20 zoning, and unbeatable location within one of South Florida’s most rapidly evolving beachside markets, the Sea Cove Redevelopment Opportunity offers investors and developers a chance to deliver a next-generation coastal project in a tightly held, high-demand area.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
CARACTÉRISTIQUES
- Piscine
- Piscine extérieure
- Plage (accès direct)
CHAMBRE INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE CHAMBRES | TARIF JOURNALIER | m² |
|---|---|---|---|
| Suite | 5 | 73,47 € | - |
| Guest Room | 12 | 60,51 € | - |
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TAXES FONCIÈRES
| Numéro de parcelle | 49-43-06-06-0800 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 0 € | Évaluation totale | 2 291 092 € |
TAXES FONCIÈRES
Numéro de parcelle
49-43-06-06-0800
Évaluation du terrain
0 €
Évaluation des aménagements
0 €
Évaluation totale
2 291 092 €
CONTACTS
-
Daniel Cunningham -
Dillon Majeski -
Evan Richardson -
River Rhoads -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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Sea Cove Motel Redevelopment Opportunity | 213 S Ocean Blvd
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