330 & 336 sunset drive - loopnet

330 & 336 Sunset Drive · Pompano Beach, FL 33062

Development Opportunity Offered at $2,500,000

Investment Summary

• For Sale: $2,900,000

• Parcel Numbers Zoning

4843-31-12-0100 | RM-45/HR

4843-31-12-0090 | RM-45

• Permitted Development:

• 7 Story

• 19 units Mid Rise Condominium

• Total Lot Size: 18,632 SF (double lot)

• Site plan approved by city of Pompano Beach

• Construction document will be ready fordeveloper

• Half of Block from the ocean

• Currently two existing multifamily buildingswith 8 units

• Gross Income: $120,000 Yr.

• Receive income until you develop!

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330 & 336 Sunset Dr with direct ocean views and steps away from the beach,

is located in area that is rapidly being transformed

into a new hot spot in Broward County.

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Recent Market ActivityNorth of Atlantic

4) Sabbia Beach Penthouse markshighest price psf EVER inPompano Beach. The sale of thepenthouse of $5,500,000 comes outto $931 a square foot.July 2016

1) The developer of the new HiltonHotel in Pompano Beach scores$17 million loan to finishconstruction of the property, which ispart of the redevelopment of the city’sFishing Village.January 2019

3) New York-based Pan AmEquities just paid $45.15 millionfor the Marriott Pompano BeachResort & Spa.August 2018

2) Impulsive Group a New York-basedhospitality company just paid $21million for the waterfront Sands HarborResort & Marina in Pompano Beach.October 2018

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Recent Market ActivitySouth of Atlantic 3) A joint venture between Alliance

Residential and developer DevMotwani broke ground on amajor mixed-use project at 1333South Ocean Blvd, PompanoBeach with a $46.7 millionconstruction loan. The developersare building Broadstone Oceanside, amultifamily development on theIntracoastal waterway in PompanoBeach, including 204 apartments and7 two-story townhomes.August 2017

2) Lionheart Capital is closer tolaunching its planned oceanfrontluxury condominium projectlocated at 1380 South OceanBoulevard, Pompano Beach, afterwinning key approvals from the city.The developer is planning to developtwo luxury-branded condominiumtowers compromised of 234 units.This is one of the last majoroceanfront development sites inSouth Florida. The property willfeature a private marina, restaurantand spa.July 2018

4. Dev Motwani plans to launchsales for a 27-story condobuilding at 1350 South OceanBoulevard. The 1.7-acre developmentsite is approved for a 92-unit project.August 2017

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1) Quebec-based company ledby Steve Tsatas is breakingground on The HarborPromenade, a project which willaccommodate a 10,000 square footrestaurant for Harbor NYC, and asecond restaurant plus 7,500square feet of retail space.

Area Overview

Pompano Beach Fishing Village

In 2010, Pompano Beach began the development of the Pier which encompasses approximately 6-acres and constitutes a major redevelopment initiative in the East CRA District. Current tenants include: Hilton Suites, Alvin's Island, Beach House Restaurant, Burger Fi, Kilwinis, Lucky Fish Bar & Grill, Oceanic Restaurant, Outdoor Bar.

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Recent Developments

Sabbia Beach

Paramount Residences

Pure Residences

Gale Boutique Hotel & Residences

Elysian

Fordham

Avg. $ SF: 750 Avg. $ SF: $400 Avg. $ SF: $430

Avg. $ SF: $850 Avg. $ SF: $600 Avg. $ SF: $425

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Approved Plan Renderings

Exterior Rear View

Exterior Front View

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Approved Plan Renderings Cont’d

West View

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Penthouse East View

Approved Plan Renderings Cont’d

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Supplements AvailableUpon Request

Thank you.

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330 & 336 Sunset Drive · Pompano Beach, FL 33062

For more information please contact:

Andres Jara786-608-7005Andres@andresjara.com