400 Atlantic Blvd , for Sale

400 Atlantic Blvd for Sale

Price $22,000,000.00

• Lot size 69886
• Year Build
• Waterfront Canal Front
• Zip 33060
• Style
• Parking Description
• Pool Yes
• Status Active

Description

STL Commercial has been exclusively retained by ownership to arrange the sale of 400 E Atlantic Blvd in Pompano Beach. The subject property is a rare fully approved site for 204 waterfront luxury residential units with ground floor retail. The development site comprises around 69,886 SF or around 1.60 acres. The Wave on the Atlantic was designed by world renowned Arquitectonica in an 8 stories state-of-the-art building. It has around 225 lineal feet directly on the water and it includes boat dockage with access to the intercoastal waterway. The building offers a breathtaking rooftop pool and a completely enclosed and private four story parking structure.

This opportunity is also a Covered Land Play. The property presently has 27 two-story townhouses and retail/office buildings. Current owners upgraded the units and the property is generating over $400,000 in yearly income. Some of the commercial spaces are vacant and are not being aggressively marketed by current ownership. Should someone wish to increase the rents and lease the rest of the commercial spaces, the income is projected to be much higher.

CASSELS ADD TO POMPANO 1-118 PB LOTS 1 & 2,BOTH LESS N 50 FOR ST & LESS C & SFFCD R/W & LESS THAT PT OF LOT 1 DESC IN PARCEL 106 OF CA 87-07

City Location, 1-2.5 Acres

STL Commercial has been exclusively retained by ownership to arrange the sale of 400 E Atlantic Blvd in Pompano Beach. The subject property is a rare fully approved site for 204 waterfront luxury residential units with ground floor retail. The development site comprises around 69,886 SF or around 1.60 acres. The Wave on the Atlantic was designed by world renowned Arquitectonica in an 8 stories state-of-the-art building. It has around 225 lineal feet directly on the water and it includes boat dockage with access to the intercoastal waterway. The building offers a breathtaking rooftop pool and a completely enclosed and private four story parking structure.

City:Pompano Beach,Zoning:TO-EOD,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:26.2309572,List Price:22000000,Listing Id:A11755662,Longitude:-80.1205474,Mls Status:Active,Utilities:1:Natural Gas Connected,2:Sewer Connected,3:Electricity Available,4:Natural Gas Available,5:Sewer Available,Current Use:1:Unimproved Multi Family (5+Units),Inclusions:Private Dock,Postal Code:33060,Street Name:Atlantic Blvd,Coordinates:1:26.2309572,Lot Features:1:1-2.5 Acres,Photos Count:11,Possible Use:1:Urban Commercial,Lot Size Acres:1.6,Lot Size Units:Square Feet,M I A M I R E_ Area:3341,On Market Date:2025-03-03,Parcel Number:494201010010,Property Type:Commercial Land,Street Number:400,Waterfront Y N:1,Public Remarks:STL Commercial has been exclusively retained by ownership to arrange the sale of 400 E Atlantic Blvd in Pompano Beach. The subject property is a rare fully approved site for 204 waterfront luxury residential units with ground floor retail. The development site comprises around 69,886 SF or around 1.60 acres. The Wave on the Atlantic was designed by world renowned Arquitectonica in an 8 stories state-of-the-art building. It has around 225 lineal feet directly on the water and it includes boat dockage with access to the intercoastal waterway. The building offers a breathtaking rooftop pool and a completely enclosed and private four story parking structure.,County Or Parish:Broward County,Frontage Length:225,List Office Name:STL Advisors, LLC,Private Remarks:This opportunity is also a Covered Land Play. The property presently has 27 two-story townhouses and retail/office buildings. Current owners upgraded the units and the property is generating over $400,000 in yearly income. Some of the commercial spaces are vacant and are not being aggressively marketed by current ownership. Should someone wish to increase the rents and lease the rest of the commercial spaces, the income is projected to be much higher.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6200,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:E,Tax Annual Amount:83899,Unparsed Address:400 E Atlantic Blvd, Pompano Beach FL 33060,Listing Agreement:Exclusive Agency,Building Area Units:Square Feet,Lot Size Dimensions:225x375,Lot Size Square Feet:69886,M I A M I R E_ L P Amt Sq Ft:314.7984,Original List Price:22000000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:STL Commercial has been exclusively retained by ownership to arrange the sale of 400 E Atlantic Blvd in Pompano Beach. The subject property is a rare fully approved site for 204 waterfront luxury residential units with ground floor retail. The development site comprises around 69,886 SF or around 1.60 acres. The Wave on the Atlantic was designed by world renowned Arquitectonica in an 8 stories state-of-the-art building. It has around 225 lineal feet directly on the water and it includes boat dockage with access to the intercoastal waterway. The building offers a breathtaking rooftop pool and a completely enclosed and private four story parking structure.,Listing Contract Date:2025-03-03,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Street Number Numeric:400,Tax Legal Description:CASSELS ADD TO POMPANO 1-118 PB LOTS 1 & 2,BOTH LESS N 50 FOR ST & LESS C & SFFCD R/W & LESS THAT PT OF LOT 1 DESC IN PARCEL 106 OF CA 87-07,Gross Scheduled Income:400000,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Fully Approved 204 Waterfront Luxury Residential Units With Ground Floor Retail,Contract Status Change Date:2025-03-03,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,