Multifamily
Sea Cove Redevelopment Opportunity
213 S Ocean Blvd, Pompano Beach, FL 33062
Listing Price: $4,675,000
Investment Overview
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 1-bedroom/1-bath unit. 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.
Sea Cove Redevelopment Opportunity
Investment Highlights
- 17 Total Units Located One Block From The Atlantic Ocean with Public Beach Access
- Attractive RM-20 Zoning Prime for Redevelopment Potential
- Oversized 0.52 Acre Lot Right On Ocean Boulevard
- Recent Property Upgrades Include New Roofs and Exterior Paint
- Located Across the Street from the Newly Constructed Salato Pompano Beach Townhome Development
Listing Price: $4,675,000
Investment Highlights
- 17 Total Units Located One Block From The Atlantic Ocean with Public Beach Access
- Attractive RM-20 Zoning Prime for Redevelopment Potential
- Oversized 0.52 Acre Lot Right On Ocean Boulevard
- Recent Property Upgrades Include New Roofs and Exterior Paint
- Located Across the Street from the Newly Constructed Salato Pompano Beach Townhome Development
Investment Overview
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 1-bedroom/1-bath unit. 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.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
