Vacant Land Approved for 8 Townhomes — Sale in Pompano Beach, FL

  • Price: $800K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Pompano Beach, FL 33060

Description

Prime Development Opportunity 831-859 NW 8th Avenue, Pompano Beach, FL 33060 .3 miles from the proposed Downtown Pompano CRA Project Under 3 miles from The Pomp Less than 10 minutes from the Pompano Beach Pier 2 Parcels/2 Buildings/8 Townhouses Exceptional opportunity to develop in the heart of Pompano Beach with this parcel, currently in the process of being entitled for 8 two-story townhomes—each offering approximately 1,896 square feet of modern living space. The entitlement is being factored into the asking price, making this an ideal investment for builders or developers seeking a shovel-ready boutique residential enclave tailored to today’s South Florida lifestyle. Land Size: 19166.0 SF | Listing Type: FOR SALE

Market Context

This multifamily in Pompano Beach, FL is listed for sale at $800,000. It has been on the market for 2 days. Compare it against other multifamily listings for sale in Pompano Beach, FL — view the full market.

As of Q1 2026, the Fort Lauderdale multifamily market showed average asking rents near $2203.00/unit/mo, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

What is the typical cap rate for multifamily in Fort Lauderdale?
About 5.8% as of Q1 2026, per multiple brokerage reports.

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