Prime development opportunity in an Opportunity Zone! **Zoning:** Flexible mixed-use zoning allows for various uses, including hotels, commercial, and residential, with potential for up to 5 stories and 79,683 SF. **Growth Potential:** Surrounded by high-rise buildings and mixed-use projects. **Development Opportunity:** Ideal for developers to generate income from office or retail tenants during planning and approval. Proforma income of $230,000 with a total built area of 10,115 sq ft. **Parking:** 30 spaces with a ratio of 3 per 1,000 sq ft. **Location:** Prime frontage on US-1 with 44,000 VPD, providing excellent exposure and signage opportunities.
Property Details
Price:
$5,999,900
MLS #:
A11627630
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
City:
Hollywood
Listed Date:
Jul 22, 2024
State:
FL
Finished Sq Ft:
10,015
ZIP:
33020
Lot Size:
26,596 sqft / 0.61 acres (approx)
Year Built:
1936
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Schools
Interior
Cooling
Central Building A/ C
Heating
Central Electric, Central Building A/ C
Exterior
Construction Materials
C B S Construction
Parking Features
Free Parking, On Street
Parking Spots
35
Financial
Buyer Agent Compensation
3%%
Taxes
$38,334
Map
Community
- Address1040 S Federal Hwy Hollywood FL
- CityHollywood
- CountyBroward County
- Zip Code33020
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