Price : $3,700,000
Listing Type : For Sale
Type : Land
Location : BrowardFlorida

Great opportunity to own a portfolio comprised of three parcels in Hollywood on high visibility corner lot. This portfolio is ideal for redevelopment project. The total land area is 44,597 square feet and the gross buildable area is 133,791 square feet (5 stories) Currently the buildings are being leased with a gross income of $17,295 / month.  The net operating income is $176,460 annually. Ideally this property could be redeveloped with retail on the first floor and a mini storage above. This could also be a mixed use of retail and multifamily and a number of other possibilities. Construction of new building is allowed up to 5 stories.

Ideally this property could be redeveloped with retail on the first floor and a mini storage above. This could also be a mixed use of retail and multifamily and a number of other possibilities. Construction of new building is allowed up to 10 stories.

Strategically located between Fort Lauderdale and Miami, Hollywood is the third largest city in Broward County. Conveniently located near to the Ft Lauderdale airport, Port Everglades, I-95, and the Florida Turnpike. Hollywood is a prime location with future potential for an existing business or a new venture.  According to the City of Hollywood, there is more than $1.65 billion in real estate development, planned or under construction, throughout the city with key commercial corridors offering additional redevelopment opportunities.

Joseph “JoeyDee” DiPietro
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