Prime development opportunity in an Opportunity Zone! Zoning: Flexible mixed-use zoning allows for hotels, commercial, and residential uses, with potential for up to 5 stories and 79,683 SF. Growth Potential: Located amidst high-rise buildings and mixed-use projects. Development Opportunity: Ideal for developers to generate income from office or retail tenants during planning and approval, with a proforma income of $230,000. Parking: 30 spaces with a ratio of 3 per 1,000 sq ft. Location: Prime frontage on US-1 with 44,000 VPD, offering excellent exposure and signage opportunities.
Property Details
Price:
$5,999,900
MLS #:
A11628201
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial
Subdivision:
HOLLYWOOD SOUTH SIDE ADD
City:
Hollywood
Listed Date:
Jul 22, 2024
State:
FL
ZIP:
33020
Lot Size:
21,184 sqft / 0.61 acres (approx)
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$38,334
Map
Community
- Address1040 S Federal Hwy Hollywood FL
- CityHollywood
- CountyBroward County
- Zip Code33020
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