NW 31st Avenue

NW 31st Avenue is 1.43 acres (62,479 SF) of vacant, cleared development land in Pompano Beach — two contiguous parcels with 820 linear feet of frontage across three streets, a quarter-mile off Atlantic Boulevard and its 52,000-plus vehicles per day, with I-95 and Florida's Turnpike each minutes away. Offered at $2,200,000, or $35.21 per square foot of land.

The site is zoned B-3 General Business, which supports multifamily — including townhomes — alongside retail, office, medical, and hospitality use, with height to 105 feet. Its clearest path to scale is Florida's Live Local Act: up to roughly 98 residential units by administrative approval, with no rezoning or special exception. At that yield the land basis is about $22,449 per buildable unit, against a submarket that has traded well above $240,000 per unit over the trailing year.

The corridor is already absorbing new rental product — Related Group has proposed Cross Creek, a 467-unit, ten-story community a half-mile north on this same street. The site sits inside a Qualified Opportunity Zone (Tract 306) and the Northwest CRA, stacking federal capital-gains treatment onto local redevelopment positioning.

Vacant, cleared, and ready to entitle, with the survey and B-3 use matrix available on request. Suited to a multifamily or affordable-housing developer under Live Local, a townhome builder, or a commercial owner-user under the base zoning — offered with full cooperation to procuring brokers.