Exceptional Ocean Blvd (A1A) investment opportunity just steps from the Atlantic Ocean in the heart of highly desirable Pompano Beach. This 22,523 SF (0.52-acre) corner site is zoned RM-20 within the Atlantic Blvd Overlay District and is currently improved with a 17-unit boutique hotel generating in-place income. Flexible zoning allows for residential, hotel, or mixed-use redevelopment (subject to city approval; buyer to verify zoning, density, and permitted uses). Surrounded by new luxury developments, this rare coastal infill property offers outstanding long-term redevelopment potential in one of South Florida’s fastest-growing beach markets.
213 S Ocean Boulevard, Pompano Beach, FL, 33062
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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