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$14,000,000

Beds
Unknown
sq ft
Unknown

1350 NW 31st Ave, Pompano Beach, FL 33069

1350 NW 31st Ave

Pompano Beach, FL 33069

  • 110 days on market
    • Price drop $1,000,000↓
SITE PLAN APPROVED FOR 369 UNITS MULTIFAMILY DEVELOPMENT PROJECT. EXCELLENT OPPORTUNITY IN POMPANO BEACH FOR 5.36 ACRES OF COMMERCIAL LAND. THE SITE IS IN A GREAT LOCATION JUST OFF THE TURNPIKE AND VERY CLOSE TO ATLANTIC BLVD AND I-95, AND FEATURES AN INCREDIBLE 848+/-FT FRONTAGE ON NW 31ST AVE. PLEASE INQUIRE ABOUT SITE PLAN AND OFFERING MEMORANDUM. TO BE DELIVERED WITH CONSTRUCTION DRAWINGS.

Details

Property type

Est. home value

$1,275,755

Lot size

5.36 acres

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$55,124

Price History

10/16/2024
Beaches

Beaches #R11017511

Price change
$14,000,000
-6.67%
09/03/2024
Beaches

Beaches #R11017511

Listed
$15,000,000

Schools & Community

Neighborhood: 

Collier City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Barry Schnittman

Loan start date

September 2022

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

5.51%

Loan type

Future Advance Clause / Open End Mortgage, 0 year

Seller

Farhat Realty & Investments Inc and The 1401 Se Merion Land Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 2:30 PM

Listing updated: 12/10/2024 at 12:53 PM

Listed by: Federico Rochwerger, The Keyes Company Phone #: (561) 750-1000

MLS: Beaches #R11017511

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