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2606 N Palm Aire Dr - Fully Approved Site Plan for 99 Units
2.22 Acres of Residential Land in Pompano Beach, FL 33069
Investment Highlights
- In the prestigious Palm Aire neighborhood, adjacent to Palm Aire Country Club.
- Fully approved site plan for 99 units, surface parked.
- 100% construction plans ready to be submitted.
- Very wooded and plenty of greenspace throughout the neighborhood.
- Final plat has been approved and recorded.
Executive Summary
The property is situated on Palm Aire Drive North, west of Powerline Road, with connectivity to major employment centers, shopping, restaurants, and entertainment venues. The property has visibility from Powerline Road, which has over 45,000 trips per day. It is within 2 miles from Interstate 95 and the Florida Turnpike.
Over 37 million square feet of office and industrial within 3 miles of the property and is minutes from the Downtown Pompano Innovation District.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 2.22 AC |
| Property Type | Land |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 2.22 AC |
1 Lot Available
Lot
| Lot Size | 2.22 AC |
| Lot Size | 2.22 AC |
Located at the prestigious Palm Aire neighborhood of Pompano Beach, this 2.22-acre parcel is fully approved site plan for development of a 99-unit surface-parked, mid-rise multifamily development, eliminating the need for structured parking.
Description
Located at the prestigious Palm Aire neighborhood of Pompano Beach, this 2.22-acre parcel is fully site plan approved for development of a 99-unit surface-parked, mid-rise multifamily development, eliminating the need for structured parking. Land is presently vacant except for one (1) structure (uninhabited). Additionally, the Property received an allocation of 99 residential flex units that is valid until January 31, 2029 and has a recorded final plat. The current as-of-right zoning category accommodates residential, multifamily, senior, and assisted living with zero affordability requirement. Certain non-residential uses are also permitted by special exception. Access to the property is on North Palm Aire Drive, just west of S. Powerline Road with clear visibility from Powerline Road (with approximately 45,000 trips per day). There is connectivity to major employment centers, shopping, restaurants, and entertainment venues. Both Interstate 95 and the Florida Turnpike are within 2 miles from the Property.
PROPERTY TAXES
| Parcel Number | 49-42-04-00-0145 | Improvements Assessment | $0 |
| Land Assessment | $1,159,600 | Total Assessment | $1,159,600 |
PROPERTY TAXES
zoning
| Zoning Code | RM-45 (Allows 45 Units per Acre. Unrestricted FAR Max Height of 105 Feet Min Lot Size of 8,800 SQFT (Multifamily) Max Lot Coverage 60% Min Pervious Area 25%) |
| RM-45 (Allows 45 Units per Acre. Unrestricted FAR Max Height of 105 Feet Min Lot Size of 8,800 SQFT (Multifamily) Max Lot Coverage 60% Min Pervious Area 25%) |
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Max Cruz -
PREMIUM Development, Inc.
Presented by
2606 N Palm Aire Dr - Fully Approved Site Plan for 99 Units
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