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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1959
Sq.Footage
16,833
Rare investment and redevelopment opportunity in the heart of Downtown Hollywood. This mixed-use commercial property offers investors and developers multiple potential strategies in one of South Florida's rapidly evolving urban districts. The existing property provides an attractive value-add opportunity with the potential to increase occupancy, lease available space, enhance rental income and improve overall NOI through active management and repositioning. For developers, the property's RC-2 (Historic Retail Core) zoning provides an opportunity to evaluate future redevelopment and mixed-use potential. RC-2 permits a variety of commercial uses and multifamily residential above the ground floor, subject to applicable City requirements and approvals. Ideally positioned near Young Circle and surrounded by the continued redevelopment of Downtown Hollywood, the property offers an opportunity to acquire an existing income-producing commercial asset with potential long-term redevelopment upside. Property is being offered As-Is. Buyers and their representatives are responsible for independently verifying zoning, permitted uses, development rights, density, FAR, height, parking requirements and all other information with the City of Hollywood and applicable governmental authorities.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Garage
-
Pool
No
Area & Lot
-
Lot Size(square feet)
9,075
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$5,000,000
-
Tax Amount
$47,974
-
Zoning
RC-2
-
Sq. Footage
16,833
-
Price/SqFt
$297
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Corporation
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Carlos Hasbun , Home-C International Realty LLC
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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