415 N Riverside Drive, Pompano Beach, FL 33062

$3,400,000

Property Type: Commercial Sale Square Footage: 20,520 Status: Closed

Current Price: $3,400,000 List Date: 3/03/2008 Last Modified: 6/09/2026

Overview

Description

APPROX. $2,000,000 PRICE REDUCTION! DIRECT INTRACOASTAL front motel/apt complex zoned RM-45. Excellent opportunity for builder/developer to build high end boutique condominium OR condo hotel Can build up to 10 stories. "Hot" beach area for development . Actively operate as seasonal or annual rental, or possible ALF. Purchase for land bank or develop now. This is a great opportunity. Priced below tax assessment & similar sites in the area. THIS IS AN UNBELIEVABLE OPPORTUNITY!!!!!

Listing Details MLS# F910649

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Number Of Units Total: 23
Price Per Unit: 169347
Occupant Type: Call Listing Agent
Building Area Main: 20520
Year Built: 1967
Parking Total: 22
Lot Size Area: 20520
Stories Total: 3

Property Features

Building Features: Elevator(s); Lobby Documents Available: Books & Records; Inventory; Owner Managed; Personal Property Inventory Electric: 110 Volts; 220 Volts Flooring: Carpet Parking Features: Assigned; Common; Guest Property Condition: Resale Construction Materials: CBS Cooling: Wall/Window Unit(s) Lot Features: Landscaped Roof: Other Sewer: Public Sewer Structure Type: Hotel/Motel; Warehouse Water Source: Public Showing Requirements: Call Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 3895000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 415
Street Direction Prefix: N
Street Name: Riverside
Street Suffix: Drive
City Name: Pompano Beach
State Or Province: FL
Postal Code: 33062
Area: 3113
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Parcel Number: 484331130060
Subdivision Number: 13
Zoning: RM-45
Directions: A!A TO ATLANTIC BLVD, NORTH ON N. RIVERSIDE DR TO PROPERTY

Financial Information

Tax Legal Description: SURFSIDE VILLAS AMENDED PLAT OF PARCEL NO 4 27-35 B LOT 7,8

Status Change Information

Major Change Timestamp: 2009-09-29T07:03:42Z
Major Change Type: Status Change
Status Change Date: 2009-10-05
Under Contract Date: 2009-06-25
Close Date: 2009-09-29
Close Price: 3400000
Buyer Financing: Cash

More Information

Meter Information

Number Of Meters Total: 23

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Inc/Exp Statement Period: 2007

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 22

Description of Unit Type 2

Unit Type: Hotel Room(s)
Units Total: Yes

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 165.69
Original List Price To Close Price: 0.87

Section Details

Parcel Number MLX: 0060

Originating Details

Originating System Key: 1603025
Originating System ID: M00000170

Listing Office: Coldwell Banker Realty

Last Updated: June - 09 - 2026

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