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About This Property
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.
Property Features
County
Broward County
Section
15
Area
16833
Subdivision
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
9075
Has Waterfront
No
Parking Description
Garage
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Office
Tax Year
NA
Year Built
1959
Tax Amount
$47974
APN
NA
Square Feet Source
NA
Map
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