UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 16,833 sqft
Price per Sqft $297
MLS Listing ID A12070914
HOA Y/N No
Year Built 1959
Annual Tax Amount $47,974
Lot Size 9,075 Sqft
Property Sub-Type Office
Property Description
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.
Location
State FL
County Broward
Area 3050
Exterior
Total Parking Spaces 23
Garage Yes
Private Pool Yes
Others
Tax ID 514215014680
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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